Investing.com – Nigeria equities were lower at the close on Wednesday, as losses in the Oil & Gas, Banking and Insurance sectors propelled shares lower.
At the close in Lagos, the NSE 30 declined 0.69% to hit a new 1-month low.
The biggest gainers of the session on the NSE 30 were Wemabank (LAGOS:WEMABAN), which rose 4.17% or 0.030 points to trade at 0.750 at the close. Pz Cussons LG (LAGOS:PZ) added 2.98% or 0.55 points to end at 18.99 and Dangsugar (LAGOS:DANGSUG) was up 1.99% or 0.13 points to 6.65 in late trade.
Biggest losers included Wapco (LAGOS:WAPCO), which lost 3.90% or 2.07 points to trade at 50.57 in late trade. Fidelitybk (LAGOS:FIDELIT) declined 3.60% or 0.040 points to end at 1.070 and Firstcity Bnk (LAGOS:FCMB) shed 3.01% or 0.04 points to 1.29.
Declining stocks outnumbered rising ones by 24 to 17 and 43 ended unchanged on the Lagos.
In commodities trading, Crude oil for September delivery was up 3.97% or 1.57 to $41.08 a barrel. Meanwhile, Brent oil for delivery in October rose 3.68% or 1.54 to hit $43.34 a barrel, while the December Gold contract fell 0.62% or 8.55 to trade at $1364.05 a troy ounce.
EUR/NGN was up 1.01% to 358.640, while USD/NGN rose 1000.00% to 322.000.
The US Dollar Index was up 0.52% at 95.51.