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Nigeria shares higher at close of trade; NSE 30 up 0.42%

Published 05/07/2018, 18:15
Updated 05/07/2018, 18:20
© Reuters.  Nigeria shares higher at close of trade; NSE 30 up 0.42%
DANGFLOUR
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DANGSUG
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FIDELIT
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WAPCO
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Investing.com – Nigeria equities were higher at the close on Thursday, as gains in the Banking, Food, Beverages & Tobacco and Oil & Gas sectors propelled shares higher.

At the close in Lagos, the NSE 30 rose 0.42%.

The biggest gainers of the session on the NSE 30 were Dangsugar (LAGOS:DANGSUG), which rose 3.54% or 0.65 points to trade at 19.00 at the close. Dangote Flour Mills PLC (LAGOS:DANGFLOUR) added 2.00% or 0.20 points to end at 10.20 and Nig Brew (LAGOS:NB) was up 1.80% or 2.00 points to 113.00 in late trade.

Biggest losers included Pz Cussons LG (LAGOS:PZ), which lost 9.90% or 2.05 points to trade at 18.65 in late trade. Wapco (LAGOS:WAPCO) declined 4.74% or 1.85 points to end at 37.15 and Fidelitybk (LAGOS:FIDELIT) shed 2.71% or 0.060 points to 2.150.

Declining stocks outnumbered rising ones by 56 to 35 and 15 ended unchanged on the Lagos.

In commodities trading, Crude oil for August delivery was down 1.16% or 0.86 to $73.28 a barrel. Meanwhile, Brent oil for delivery in September fell 0.33% or 0.26 to hit $77.98 a barrel, while the August Gold Futures contract rose 0.37% or 4.70 to trade at $1258.20 a troy ounce.

EUR/NGN was up 0.39% to 420.710, while USD/NGN rose 0.11% to 360.500.

The US Dollar Index Futures was down 0.05% at 94.14.

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