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Nigeria stocks lower at close of trade; NSE 30 down 0.27%

Published 01/12/2017, 12:15 PM
© Reuters.  Nigeria stocks lower at close of trade; NSE 30 down 0.27%

Investing.com – Nigeria stocks were lower after the close on Thursday, as losses in the Oil & Gas, Food, Beverages & Tobacco and Insurance sectors led shares lower.

At the close in Lagos, the NSE 30 declined 0.27%.

The best performers of the session on the NSE 30 were Diamond Bank (LAGOS:DIAMONB), which rose 3.03% or 0.030 points to trade at 1.020 at the close. Meanwhile, Access Bank (LAGOS:ACCESS) added 2.66% or 0.17 points to end at 6.57 and Zenithbank (LAGOS:ZENITHB) was up 2.04% or 0.31 points to 15.50 in late trade.

The worst performers of the session were Pz Cussons LG (LAGOS:PZ), which fell 4.90% or 0.71 points to trade at 14.00 at the close. Nestle Nig (LAGOS:NESTLE) declined 2.35% or 19.00 points to end at 780.00 and Wemabank (LAGOS:WEMABAN) was down 1.96% or 0.010 points to 0.500.

Falling stocks outnumbered advancing ones on the Lagos by 24 to 13 and 63 ended unchanged.

Shares in Pz Cussons LG (LAGOS:PZ) fell to 3-years lows; down 4.90% or 0.71 to 14.00. Shares in Access Bank (LAGOS:ACCESS) rose to 52-week highs; rising 2.66% or 0.17 to 6.57. Shares in Wemabank (LAGOS:WEMABAN) fell to all time lows; losing 1.96% or 0.010 to 0.500.

Crude oil for February delivery was up 1.70% or 0.89 to $53.14 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 1.98% or 1.09 to hit $56.19 a barrel, while the February Gold contract rose 0.37% or 4.40 to trade at $1201.00 a troy ounce.

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EUR/NGN was up 1.23% to 335.530, while USD/NGN fell 0.15% to 315.000.

The US Dollar Index was down 0.66% at 101.03.

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