Investing.com – Nigeria stocks were lower after the close on Wednesday, as losses in the Banking, Food, Beverages & Tobacco and Oil & Gas sectors led shares lower.
At the close in Lagos, the NSE 30 declined 1.58% to hit a new 3-months low.
The best performers of the session on the NSE 30 were Wemabank (LAGOS:WEMABAN), which rose 2.13% or 0.020 points to trade at 0.960 at the close. Meanwhile, Fidelitybk (LAGOS:FIDELIT) added 1.16% or 0.02 points to end at 1.74 and Wapco (LAGOS:WAPCO) was up 0.99% or 1.01 points to 103.00 in late trade.
The worst performers of the session were Union Bank LG (LAGOS:UBN), which fell 4.90% or 0.48 points to trade at 9.31 at the close. Dangflour (LAGOS:DANGFLO) declined 4.76% or 0.19 points to end at 3.80 and Diamond Bank (LAGOS:DIAMONB) was down 4.33% or 0.19 points to 4.20.
Falling stocks outnumbered advancing ones on the Lagos Stock Exchange by 42 to 13 and 41 ended unchanged.
Crude oil for August delivery was down 2.99% or 1.78 to $57.69 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 1.49% or 0.94 to hit $62.65 a barrel, while the August Gold contract fell 0.19% or 2.20 to trade at $1169.60 a troy ounce.
EUR/NGN was down 0.64% to 221.080, while USD/NGN rose 0.01% to 199.050.
The US Dollar Index was up 0.58% at 96.31.