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Nigeria stocks higher at close of trade; NSE 30 up 2.81%

Published 05/26/2016, 01:15 PM
Updated 05/26/2016, 01:15 PM
© Reuters.  Nigeria stocks higher at close of trade; NSE 30 up 2.81%

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

At the close in Lagos, the NSE 30 rose 2.81% to hit a new 6-months high.

The best performers of the session on the NSE 30 were Guiness Nig (LAGOS:GUINNES), which rose 10.25% or 10.23 points to trade at 110.08 at the close. Meanwhile, Union Bank LG (LAGOS:UBN) added 9.96% or 0.51 points to end at 5.63 and Diamond Bank (LAGOS:DIAMONB) was up 9.95% or 0.21 points to 2.32 in late trade.

The worst performers of the session were Pz Cussons LG (LAGOS:PZ), which unchanged 0.00% or 0.00 points to trade at 22.30 at the close. Wemabank (LAGOS:WEMABAN) unchanged 0.00% or 0.000 points to end at 0.780 and Guaranty Bnk (LAGOS:GUARANT) was up 0.14% or 0.03 points to 20.88.

Rising stocks outnumbered declining ones on the Lagos Stock Exchange by 49 to 6 and 40 ended unchanged.

Crude oil for July delivery was up 0.22% or 0.11 to $49.67 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 0.28% or 0.14 to hit $49.88 a barrel, while the June Gold contract fell 0.21% or 2.55 to trade at $1221.25 a troy ounce.

EUR/NGN was up 0.79% to 222.440, while USD/NGN unchanged 0.00% to 199.150.

The US Dollar Index was down 0.21% at 95.20.

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