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Nigeria stocks higher at close of trade; NSE 30 up 0.04%

Published 09/27/2016, 01:15 PM
© Reuters.  Nigeria stocks higher at close of trade; NSE 30 up 0.04%
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Investing.com – Nigeria stocks were higher after the close on Tuesday, as gains in the Insurance, Food, Beverages & Tobacco and Banking sectors led shares higher.

At the close in Lagos, the NSE 30 gained 0.04% to hit a new 1-month high.

The best performers of the session on the NSE 30 were Guiness Nig (LAGOS:GUINNES), which rose 4.99% or 4.64 points to trade at 97.64 at the close. Meanwhile, Wemabank (LAGOS:WEMABAN) added 4.55% or 0.030 points to end at 0.690 and Firstcity Bnk (LAGOS:FCMB) was up 3.88% or 0.04 points to 1.07 in late trade.

The worst performers of the session were Skye Bank (LAGOS:SKYEBAN), which fell 1.52% or 0.01 points to trade at 0.65 at the close. Stanbicibtc Hl (LAGOS:IBTC) declined 1.18% or 0.20 points to end at 16.75 and Fbn Holdings (LAGOS:FBNH) was down 0.94% or 0.030 points to 3.170.

Falling stocks outnumbered advancing ones on the Lagos Stock Exchange by 20 to 17 and 59 ended unchanged.

Crude oil for November delivery was down 2.26% or 1.04 to $44.89 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 2.25% or 1.08 to hit $46.85 a barrel, while the December Gold contract fell 1.01% or 13.60 to trade at $1330.50 a troy ounce.

EUR/NGN was up 1.17% to 354.070, while USD/NGN rose 0.80% to 315.500.

The US Dollar Index was up 0.14% at 95.34.

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