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Nigeria shares higher at close of trade; NSE 30 up 0.08%

Published 01/11/2016, 17:15
© Reuters.  Nigeria shares higher at close of trade; NSE 30 up 0.08%
DANGFLOUR
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FBNH
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GUINNES
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UACN
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UBN
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WEMABAN
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NGSE30
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NGSEINS10
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NGSEFBT10
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NGSEBNK10
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Investing.com – Nigeria equities were higher at the close on Tuesday, as gains in the Banking, Insurance and Food, Beverages & Tobacco sectors propelled shares higher.

At the close in Lagos, the NSE 30 gained 0.08%.

The biggest gainers of the session on the NSE 30 were Dangote Flour Mills PLC (LAGOS:DANGFLOUR), which rose 3.93% or 0.15 points to trade at 3.97 at the close. Fbn Holdings (LAGOS:FBNH) added 3.33% or 0.100 points to end at 3.100 and Guiness Nig (LAGOS:GUINNES) was up 2.61% or 2.09 points to 82.14 in late trade.

Biggest losers included Union Bank LG (LAGOS:UBN), which lost 4.87% or 0.22 points to trade at 4.30 in late trade. Wemabank (LAGOS:WEMABAN) declined 3.45% or 0.020 points to end at 0.560 and Uacn Prop (LAGOS:UACN) shed 1.79% or 0.35 points to 18.63.

Advancing stocks outnumbered falling ones by 17 to 16 and 60 ended unchanged on the Lagos.

In commodities trading, Crude oil for December delivery was down 0.75% or 0.35 to $46.51 a barrel. Meanwhile, Brent oil for delivery in January fell 0.91% or 0.44 to hit $48.17 a barrel, while the December Gold contract rose 1.36% or 17.35 to trade at $1290.45 a troy ounce.

EUR/NGN was up 1.34% to 349.840, while USD/NGN rose 0.94% to 323.000.

The US Dollar Index was down 0.62% at 97.71.

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