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Nigeria shares higher at close of trade; NSE 30 up 2.08%

Published 28/02/2018, 17:15
Updated 28/02/2018, 17:15
© Reuters.  Nigeria shares higher at close of trade; NSE 30 up 2.08%

Investing.com – Nigeria equities were higher at the close on Wednesday, as gains in the Food, Beverages & Tobacco, Banking and Oil & Gas sectors propelled shares higher.

At the close in Lagos, the NSE 30 rose 2.08%.

The biggest gainers of the session on the NSE 30 were Unilever Nig (LAGOS:UNILEVE), which rose 4.92% or 2.40 points to trade at 51.20 at the close. Nig Brew (LAGOS:NB) added 4.46% or 5.80 points to end at 132.40 and Wapco (LAGOS:WAPCO) was up 3.80% or 1.90 points to 50.25 in late trade.

Biggest losers included Guiness Nig (LAGOS:GUINNES), which lost 4.91% or 5.15 points to trade at 99.75 in late trade. Skye Bank (LAGOS:SKYEBAN) declined 3.00% or 0.030 points to end at 0.970 and Union Bank LG (LAGOS:UBN) shed 2.26% or 0.15 points to 6.50.

Declining stocks outnumbered rising ones by 50 to 48 and 7 ended unchanged on the Lagos.

In commodities trading, Crude oil for April delivery was down 1.00% or 0.63 to $62.38 a barrel. Meanwhile, Brent oil for delivery in May fell 1.28% or 0.85 to hit $65.67 a barrel, while the April Gold Futures contract rose 0.23% or 3.00 to trade at $1321.60 a troy ounce.

EUR/NGN was down 0.80% to 440.470, while USD/NGN unchanged 0.00% to 360.500.

The US Dollar Index Futures was up 0.12% at 90.42.

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