Investing.com – Nigeria stocks were higher after the close on Wednesday, as gains in the Oil & Gas, Insurance and Banking sectors led shares higher.
At the close in Lagos, the NSE 30 added 0.29%.
The best performers of the session on the NSE 30 were Union Bank LG (LAGOS:UBN), which rose 2.44% or 0.10 points to trade at 4.20 at the close. Meanwhile, Fbn Holdings (LAGOS:FBNH) added 1.67% or 0.050 points to end at 3.050 and Guaranty Bnk (LAGOS:GUARANT) was up 1.61% or 0.42 points to 26.50 in late trade.
The worst performers of the session were Wemabank (LAGOS:WEMABAN), which fell 4.35% or 0.030 points to trade at 0.660 at the close. Fidelitybk (LAGOS:FIDELIT) declined 4.30% or 0.040 points to end at 0.890 and Firstcity Bnk (LAGOS:FCMB) was down 1.92% or 0.02 points to 1.02.
Falling stocks outnumbered advancing ones on the Lagos Stock Exchange by 19 to 16 and 50 ended unchanged.
Shares in Fidelitybk (LAGOS:FIDELIT) fell to all time lows; down 4.30% or 0.040 to 0.890. Shares in Guaranty Bnk (LAGOS:GUARANT) rose to 52-week highs; up 1.61% or 0.42 to 26.50.
Crude oil for October delivery was down 3.71% or 1.72 to $44.63 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 3.78% or 1.84 to hit $46.89 a barrel, while the December Gold contract fell 0.42% or 5.55 to trade at $1310.95 a troy ounce.
EUR/NGN was down 1.97% to 345.670, while USD/NGN fell 1.73% to 310.355.
The US Dollar Index was down 0.02% at 96.03.