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Nigeria stocks lower at close of trade; NSE 30 down 0.36%

Published 05/03/2018, 01:15 PM
Updated 05/03/2018, 01:20 PM
© Reuters.  Nigeria stocks lower at close of trade; NSE 30 down 0.36%
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Investing.com – Nigeria stocks were lower after the close on Thursday, as losses in the Food, Beverages & Tobacco, Oil & Gas and Insurance sectors led shares lower.

At the close in Lagos, the NSE 30 fell 0.36%.

The best performers of the session on the NSE 30 were Uacn Prop (LAGOS:UACN), which rose 4.96% or 0.85 points to trade at 18.00 at the close. Meanwhile, Union Bank LG (LAGOS:UBN) added 3.08% or 0.20 points to end at 6.70 and Fbn Holdings (LAGOS:FBNH) was up 1.63% or 0.200 points to 12.500 in late trade.

The worst performers of the session were Dangsugar (LAGOS:DANGSUG), which fell 5.00% or 1.00 points to trade at 19.00 at the close. Dangote Flour Mills PLC (LAGOS:DANGFLOUR) declined 4.98% or 0.60 points to end at 11.45 and Pz Cussons LG (LAGOS:PZ) was down 4.67% or 1.05 points to 21.45.

Falling stocks outnumbered advancing ones on the Lagos by 50 to 40 and 9 ended unchanged.

Crude oil for June delivery was up 0.38% or 0.26 to $68.19 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 0.48% or 0.35 to hit $73.71 a barrel, while the June Gold Futures contract rose 0.49% or 6.40 to trade at $1312.00 a troy ounce.

EUR/NGN was down 0.17% to 431.350, while USD/NGN fell 0.14% to 359.500.

The US Dollar Index Futures was down 0.27% at 92.34.

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