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 gained 3.28% to hit a new 52-week high.
The biggest gainers of the session on the NSE 30 were Zenithbank (LAGOS:ZENITHB), which rose 6.67% or 1.60 points to trade at 25.50 at the close. Nig Brew (LAGOS:NB) added 5.00% or 7.90 points to end at 165.90 and Pz Cussons LG (LAGOS:PZ) was up 5.00% or 1.10 points to 23.10 in late trade.
Biggest losers included Union Bank LG (LAGOS:UBN), which lost 4.57% or 0.26 points to trade at 5.50 in late trade. Guiness Nig (LAGOS:GUINNES) declined 3.18% or 2.10 points to end at 64.00 and Fbn Holdings (LAGOS:FBNH) shed 2.00% or 0.120 points to 5.970.
Advancing stocks outnumbered falling ones by 46 to 32 and 19 ended unchanged on the Lagos.
In commodities trading, Crude oil for September delivery was up 1.38% or 0.66 to $48.55 a barrel. Meanwhile, Brent oil for delivery in September rose 1.14% or 0.57 to hit $50.77 a barrel, while the August Gold Futures contract fell 0.19% or 2.42 to trade at $1249.68 a troy ounce.
EUR/NGN was down 0.24% to 366.440, while USD/NGN fell 10.07% to 314.750.
The US Dollar Index Futures was up 0.10% at 94.01.