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Nigeria shares higher at close of trade; NSE 30 up 0.74%

Published 24/05/2016, 18:15
© Reuters.  Nigeria shares higher at close of trade; NSE 30 up 0.74%
ACCESS
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DANGFLOUR
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Investing.com – Nigeria equities were higher at the close on Tuesday, as gains in the Food, Beverages & Tobacco, Banking and Oil & Gas sectors propelled shares higher.

At the close in Lagos, the NSE 30 rose 0.74% to hit a new 3-month high.

The biggest gainers of the session on the NSE 30 were Dangsugar (LAGOS:DANGSUG), which rose 2.58% or 0.17 points to trade at 6.78 at the close. Fidelitybk (LAGOS:FIDELIT) added 2.42% or 0.03 points to end at 1.27 and Access Bank (LAGOS:ACCESS) was up 1.96% or 0.10 points to 5.20 in late trade.

Biggest losers included Stanbicibtc Hl (LAGOS:IBTC), which lost 2.54% or 0.42 points to trade at 16.65 in late trade. Firstcity Bnk (LAGOS:FCMB) declined 1.39% or 0.02 points to end at 1.42 and Tiger Branded Consumer Goods PLC (LAGOS:TIGERBRD) shed 1.27% or 0.06 points to 4.67.

Advancing stocks outnumbered falling ones by 24 to 17 and 47 ended unchanged on the Lagos.

In commodities trading, Crude oil for July delivery was up 1.21% or 0.58 to $48.66 a barrel. Meanwhile, Brent oil for delivery in July rose 0.83% or 0.40 to hit $48.75 a barrel, while the June Gold contract fell 1.75% or 21.95 to trade at $1229.55 a troy ounce.

EUR/NGN was down 0.33% to 222.560, while USD/NGN rose 0.05% to 199.150.

The US Dollar Index was up 0.38% at 95.59.

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