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

Published 2016-07-29, 01:15 p/m
© Reuters.  Nigeria shares lower at close of trade; NSE 30 down 0.27%
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Investing.com – Nigeria equities were lower at the close on Friday, as losses in the Food, Beverages & Tobacco, Oil & Gas and Insurance sectors propelled shares lower.

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

The biggest gainers of the session on the NSE 30 were Fidelitybk (LAGOS:FIDELIT), which rose 7.89% or 0.090 points to trade at 1.230 at the close. Firstcity Bnk (LAGOS:FCMB) added 4.48% or 0.06 points to end at 1.40 and Zenithbank (LAGOS:ZENITHB) was up 3.68% or 0.60 points to 16.81 in late trade.

Biggest losers included Pz Cussons LG (LAGOS:PZ), which unchanged 0.00% or 0.00 points to trade at 18.60 in late trade. Union Bank LG (LAGOS:UBN) declined 5.00% or 0.22 points to end at 4.18 and Stanbicibtc Hl (LAGOS:IBTC) shed 4.74% or 0.66 points to 13.25.

Declining stocks outnumbered rising ones by 26 to 17 and 47 ended unchanged on the Lagos.

In commodities trading, Crude oil for September delivery was up 0.66% or 0.27 to $41.41 a barrel. Meanwhile, Brent oil for delivery in October rose 0.25% or 0.11 to hit $43.34 a barrel, while the December Gold contract rose 1.03% or 13.75 to trade at $1354.95 a troy ounce.

EUR/NGN was down 0.92% to 350.580, while USD/NGN rose 2.87% to 322.500.

The US Dollar Index was down 1.10% at 95.63.

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