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Nigeria stocks lower at close of trade; NSE 30 down 0.12%

Published 09/19/2017, 01:15 PM
Updated 09/19/2017, 01:20 PM
© Reuters.  Nigeria stocks lower at close of trade; NSE 30 down 0.12%
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Investing.com – Nigeria stocks were lower after the close on Tuesday, as losses in the Oil & Gas, Food, Beverages & Tobacco and Banking sectors led shares lower.

At the close in Lagos, the NSE 30 declined 0.12% to hit a new 1-month low.

The best performers of the session on the NSE 30 were Nestle Nig (LAGOS:NESTLE), which rose 1.98% or 23.90 points to trade at 1235.00 at the close. Meanwhile, Guaranty Bnk (LAGOS:GUARANT) added 1.42% or 0.54 points to end at 38.07 and Stanbicibtc Hl (LAGOS:IBTC) was up 1.27% or 0.50 points to 40.00 in late trade.

The worst performers of the session were Union Bank LG (LAGOS:UBN), which fell 5.00% or 0.30 points to trade at 5.70 at the close. Fbn Holdings (LAGOS:FBNH) declined 4.99% or 0.270 points to end at 5.140 and Pz Cussons LG (LAGOS:PZ) was down 4.00% or 1.00 points to 24.00.

Falling stocks outnumbered advancing ones on the Lagos by 52 to 24 and 18 ended unchanged.

Crude oil for November delivery was down 0.60% or 0.30 to $50.05 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.58% or 0.32 to hit $55.16 a barrel, while the December Gold Futures contract rose 0.03% or 0.45 to trade at $1311.25 a troy ounce.

EUR/NGN was down 0.13% to 430.420, while USD/NGN fell 0.42% to 359.000.

The US Dollar Index Futures was down 0.10% at 91.72.

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