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Nigeria stocks higher at close of trade; NSE 30 up 0.42%

Published 04/29/2016, 01:15 PM
© Reuters.  Nigeria stocks higher at close of trade; NSE 30 up 0.42%

Investing.com – Nigeria stocks were higher after the close on Friday, as gains in the Food, Beverages & Tobacco, Banking and Insurance sectors led shares higher.

At the close in Lagos, the NSE 30 added 0.42%.

The best performers of the session on the NSE 30 were Tiger Branded Consumer Goods PLC (LAGOS:TIGERBRD), which rose 7.83% or 0.22 points to trade at 3.03 at the close. Meanwhile, Nig Brew (LAGOS:NB) added 4.99% or 5.51 points to end at 115.89 and Pz Cussons LG (LAGOS:PZ) was up 4.96% or 1.01 points to 21.35 in late trade.

The worst performers of the session were Wapco (LAGOS:WAPCO), which fell 3.33% or 2.34 points to trade at 67.97 at the close. Fidelitybk (LAGOS:FIDELIT) declined 2.50% or 0.03 points to end at 1.16 and Diamond Bank (LAGOS:DIAMONB) was down 2.11% or 0.03 points to 1.39.

Rising stocks outnumbered declining ones on the Lagos Stock Exchange by 20 to 18 and 54 ended unchanged.

Shares in Wapco (LAGOS:WAPCO) fell to 52-week lows; down 3.33% or 2.34 to 67.97.

Crude oil for June delivery was down 0.20% or 0.09 to $45.94 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 0.86% or 0.41 to hit $47.36 a barrel, while the June Gold contract rose 2.02% or 25.60 to trade at $1292.00 a troy ounce.

EUR/NGN was up 0.53% to 227.050, while USD/NGN unchanged 0.00% to 199.150.

The US Dollar Index was down 0.71% at 93.06.

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