Stock Market
Wednesday, July 11, 2018 - 17:15
Top Level Title: 
Nigeria stocks lower at close of trade; NSE 30 down 0.37% – Nigeria stocks were lower after the close on Wednesday, as losses in the Insurance, Food, Beverages&Tobacco and Banking sectors led shares lower.

At the close in Lagos, the NSE 30 declined 0.37% to hit a new 1-month low.

The best performers of the session on the NSE 30 were Dangsugar (LAGOS:DANGSUG), which rose 5.14% or 0.90 points to trade at 18.40 at the close. Meanwhile, Uacn Prop (LAGOS:UACN) added 2.65% or 0.35 points to end at 13.55 and Union Bank LG (LAGOS:UBN) was up 1.69% or 0.10 points to 5.85 in late trade.

The worst performers of the session were Pz Cussons LG (LAGOS:PZ), which fell 8.68% or 1.65 points to trade at 17.35 at the close. Skye Bank (LAGOS:SKYEBAN) declined 7.14% or 0.050 points to end at 0.680 and Wapco (LAGOS:WAPCO) was down 5.17% or 1.85 points to 33.10.

Falling stocks outnumbered advancing ones on the Lagos by 59 to 28 and 19 ended unchanged.

Shares in Wapco (LAGOS:WAPCO) fell to 5-year lows; falling 5.17% or 1.85 to 33.10.

Crude oil for August delivery was down 3.36% or 2.49 to $71.62 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 4.43% or 3.49 to hit $75.37 a barrel, while the August Gold Futures contract fell 0.90% or 11.30 to trade at $1244.10 a troy ounce.

EUR/NGN was up 0.07% to 421.640, while USD/NGN rose 0.28% to 361.000.

The US Dollar Index Futures was up 0.59% at 94.40.

© Reuters.