Nigeria stocks lower at close of trade; NSE 30 down 0.01%

Aug 06, 2018

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

At the close in Lagos, the NSE 30 lost 0.01%.

The best performers of the session on the NSE 30 were Wapco (LAGOS:WAPCO), which rose 8.93% or 2.50 points to trade at 30.50 at the close. Meanwhile, Diamond Bank (LAGOS:DIAMONB) added 6.84% or 0.080 points to end at 1.240 and Pz Cussons LG (LAGOS:PZ) was up 6.79% or 0.95 points to 14.95 in late trade.

The worst performers of the session were Dangote Flour Mills PLC (LAGOS:DANGFLOUR), which fell 7.78% or 0.70 points to trade at 8.55 at the close. Guiness Nig (LAGOS:GUINNES) declined 4.26% or 4.00 points to end at 90.00 and Uacn Prop (LAGOS:UACN) was down 3.59% or 0.45 points to 12.10.

Falling stocks outnumbered advancing ones on the Lagos by 49 to 40 and 13 ended unchanged.

Shares in Uacn Prop (LAGOS:UACN) fell to 52-week lows; losing 3.59% or 0.45 to 12.10.

Crude oil for September delivery was up 1.84% or 1.26 to $69.75 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 1.38% or 1.01 to hit $74.22 a barrel, while the December Gold Futures contract fell 0.44% or 5.40 to trade at $1217.80 a troy ounce.

EUR/NGN was down 0.36% to 415.930, while USD/NGN unchanged 0.00% to 361.000.

The US Dollar Index Futures was up 0.13% at 95.15.