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Nigeria shares higher at close of trade; NSE 30 up 0.30%

Published 30/09/2016, 18:15
Updated 30/09/2016, 18:15
© Reuters.  Nigeria shares higher at close of trade; NSE 30 up 0.30%

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

At the close in Lagos, the NSE 30 rose 0.30% to hit a new 1-month high.

The biggest gainers of the session on the NSE 30 were Nig Brew (LAGOS:NB), which rose 3.14% or 4.57 points to trade at 150.00 at the close. Dangote Flour Mills PLC (LAGOS:DANGFLOUR) added 2.01% or 0.08 points to end at 4.07 and Fidelitybk (LAGOS:FIDELIT) was up 1.15% or 0.010 points to 0.880 in late trade.

Biggest losers included Zenithbank (LAGOS:ZENITHB), which lost 3.12% or 0.49 points to trade at 15.02 in late trade. Stanbicibtc Hl (LAGOS:IBTC) declined 1.62% or 0.28 points to end at 17.18 and Guaranty Bnk (LAGOS:GUARANT) shed 1.40% or 0.34 points to 24.00.

Declining stocks outnumbered rising ones by 21 to 16 and 47 ended unchanged on the Lagos.

In commodities trading, Crude oil for November delivery was up 0.54% or 0.26 to $48.09 a barrel. Meanwhile, Brent oil for delivery in December rose 0.48% or 0.24 to hit $50.05 a barrel, while the December Gold contract fell 0.46% or 6.05 to trade at $1319.95 a troy ounce.

EUR/NGN was down 0.55% to 351.710, while USD/NGN unchanged 0.00% to 315.500.

The US Dollar Index was unchanged 0.00% at 95.43.

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