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Nigeria stocks higher at close of trade; NSE 30 up 1.33%

Published 12/05/2017, 12:15 PM
© Reuters.  Nigeria stocks higher at close of trade; NSE 30 up 1.33%
DANGFLOUR
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FBNH
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PZ
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TOTAL
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WAPCO
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Investing.com – Nigeria stocks were higher after the close on Tuesday, as gains in the Food, Beverages & Tobacco, Banking and Oil & Gas sectors led shares higher.

At the close in Lagos, the NSE 30 gained 1.33% to hit a new 3-months high.

The best performers of the session on the NSE 30 were Fbn Holdings (LAGOS:FBNH), which rose 5.33% or 0.390 points to trade at 7.710 at the close. Meanwhile, Dangote Flour Mills PLC (LAGOS:DANGFLOUR) added 5.17% or 0.55 points to end at 11.18 and Pz Cussons LG (LAGOS:PZ) was up 4.90% or 1.07 points to 21.97 in late trade.

The worst performers of the session were Wapco (LAGOS:WAPCO), which fell 5.00% or 2.49 points to trade at 47.31 at the close. Total Nig (LAGOS:TOTAL) declined 2.50% or 6.00 points to end at 234.00 and Uacn Prop (LAGOS:UACN) was down 1.47% or 0.25 points to 16.75.

Rising stocks outnumbered declining ones on the Lagos by 49 to 22 and 21 ended unchanged.

Shares in Fbn Holdings (LAGOS:FBNH) rose to 52-week highs; up 5.33% or 0.390 to 7.710. Shares in Dangote Flour Mills PLC (LAGOS:DANGFLOUR) rose to 5-year highs; up 5.17% or 0.55 to 11.18.

Crude oil for January delivery was up 0.26% or 0.15 to $57.62 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 0.58% or 0.36 to hit $62.81 a barrel, while the February Gold Futures contract fell 0.89% or 11.40 to trade at $1266.30 a troy ounce.

EUR/NGN was up 0.06% to 427.170, while USD/NGN fell 0.14% to 359.500.

The US Dollar Index Futures was up 0.29% at 93.32.

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