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Nigeria shares higher at close of trade; NSE 30 up 0.59%

Published 10/08/2016, 18:15
© Reuters.  Nigeria shares higher at close of trade; NSE 30 up 0.59%

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

At the close in Lagos, the NSE 30 added 0.59%.

The biggest gainers of the session on the NSE 30 were Dangote Flour Mills PLC (LAGOS:DANGFLOUR), which rose 4.51% or 0.18 points to trade at 4.17 at the close. Wemabank (LAGOS:WEMABAN) added 2.94% or 0.020 points to end at 0.700 and Nig Brew (LAGOS:NB) was up 2.03% or 2.65 points to 132.90 in late trade.

Biggest losers included Diamond Bank (LAGOS:DIAMONB), which lost 2.94% or 0.040 points to trade at 1.320 in late trade. Skye Bank (LAGOS:SKYEBAN) declined 2.90% or 0.02 points to end at 0.67 and Pz Cussons LG (LAGOS:PZ) shed 2.81% or 0.55 points to 18.65.

Declining stocks outnumbered rising ones by 21 to 19 and 37 ended unchanged on the Lagos.

In commodities trading, Crude oil for September delivery was down 1.78% or 0.76 to $42.01 a barrel. Meanwhile, Brent oil for delivery in October fell 1.56% or 0.70 to hit $44.28 a barrel, while the December Gold contract rose 0.31% or 4.15 to trade at $1350.85 a troy ounce.

EUR/NGN was up 1.98% to 360.040, while USD/NGN unchanged 0.00% to 322.500.

The US Dollar Index was down 0.45% at 95.63.

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