Nigeria stocks lower at close of trade; NSE 30 down 1.53%

Nigeria stocks lower at close of trade; NSE 30 down 1.53%

May 31, 2018

Investing.com – Nigeria stocks were lower after the close on Thursday, as losses in the Food, Beverages&Tobacco, Banking and Oil&Gas sectors led shares lower.

At the close in Lagos, the NSE 30 lost 1.53% to hit a new 6-months low.

The best performers of the session on the NSE 30 were Fbn Holdings (LAGOS:FBNH), which rose 5.73% or 0.550 points to trade at 10.150 at the close. Meanwhile, Total Nig (LAGOS:TOTAL) added 5.00% or 10.60 points to end at 222.60 and Unilever Nig (LAGOS:UNILEVE) was up 5.00% or 2.45 points to 51.45 in late trade.

The worst performers of the session were Guiness Nig (LAGOS:GUINNES), which fell 5.00% or 5.00 points to trade at 95.00 at the close. Wapco (LAGOS:WAPCO) declined 4.92% or 1.80 points to end at 34.80 and Pz Cussons LG (LAGOS:PZ) was down 4.81% or 1.05 points to 20.80.

Falling stocks outnumbered advancing ones on the Lagos by 62 to 36 and 10 ended unchanged.

Shares in Wapco (LAGOS:WAPCO) fell to 52-week lows; losing 4.92% or 1.80 to 34.80.

Crude oil for July delivery was down 1.77% or 1.21 to $67.00 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August unchanged 0.00% or 0.00 to hit $77.72 a barrel, while the June Gold Futures contract rose 0.04% or 0.50 to trade at $1302.00 a troy ounce.

EUR/NGN was up 0.44% to 420.450, while USD/NGN fell 0.14% to 360.500.

The US Dollar Index Futures was down 0.02% at 94.04.

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