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Nigeria stocks lower at close of trade; NSE 30 down 0.21%

Published 10/04/2016, 01:15 PM
© Reuters.  Nigeria stocks lower at close of trade; NSE 30 down 0.21%
FCMB
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GTCO
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NB
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Investing.com – Nigeria stocks were lower after the close on Tuesday, as losses in the Food, Beverages & Tobacco, Insurance and Oil & Gas sectors led shares lower.

At the close in Lagos, the NSE 30 declined 0.21%.

The best performers of the session on the NSE 30 were Guaranty Bnk (LAGOS:GUARANT), which rose 4.17% or 1.00 points to trade at 25.00 at the close. Meanwhile, Firstcity Bnk (LAGOS:FCMB) added 3.74% or 0.04 points to end at 1.11 and Zenithbank (LAGOS:ZENITHB) was up 2.37% or 0.36 points to 15.57 in late trade.

The worst performers of the session were Wemabank (LAGOS:WEMABAN), which fell 6.94% or 0.050 points to trade at 0.670 at the close. Union Bank LG (LAGOS:UBN) declined 3.08% or 0.14 points to end at 4.40 and Nig Brew (LAGOS:NB) was down 2.77% or 4.15 points to 145.00.

Falling stocks outnumbered advancing ones on the Lagos Stock Exchange by 17 to 11 and 49 ended unchanged.

Crude oil for November delivery was up 0.20% or 0.10 to $48.91 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 0.53% or 0.27 to hit $51.16 a barrel, while the December Gold contract fell 3.07% or 40.35 to trade at $1272.35 a troy ounce.

EUR/NGN was down 4.30% to 346.640, while USD/NGN fell 0.63% to 313.000.

The US Dollar Index was up 0.44% at 96.07.

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