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Nigeria stocks higher at close of trade; NSE 30 up 0.62%

Published 09/18/2018, 01:15 PM
Updated 09/18/2018, 01:15 PM
© Reuters.  Nigeria stocks higher at close of trade; NSE 30 up 0.62%

© Reuters. Nigeria stocks higher at close of trade; NSE 30 up 0.62%

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

At the close in Lagos, the NSE 30 gained 0.62%.

The best performers of the session on the NSE 30 were Union Bank LG (LAGOS:UBN), which rose 9.00% or 0.45 points to trade at 5.45 at the close. Meanwhile, Fbn Holdings (LAGOS:FBNH) added 6.71% or 0.550 points to end at 8.600 and Wemabank (LAGOS:WEMABAN) was up 5.26% or 0.030 points to 0.610 in late trade.

The worst performers of the session were Total Nig (LAGOS:TOTAL), which fell 9.17% or 17.40 points to trade at 172.30 at the close. Pz Cussons LG (LAGOS:PZ) declined 6.30% or 0.85 points to end at 12.65 and Dangote Flour Mills PLC (LAGOS:DANGFLOUR) was down 3.95% or 0.30 points to 7.30.

Falling stocks outnumbered advancing ones on the Lagos by 48 to 45 and 14 ended unchanged.

Shares in Total Nig (LAGOS:TOTAL) fell to 52-week lows; losing 9.17% or 17.40 to 172.30. Shares in Pz Cussons LG (LAGOS:PZ) fell to 52-week lows; losing 6.30% or 0.85 to 12.65.

Crude oil for November delivery was up 1.06% or 0.73 to $69.41 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 1.00% or 0.78 to hit $78.83 a barrel, while the December Gold Futures contract fell 0.22% or 2.60 to trade at $1203.20 a troy ounce.

EUR/NGN was down 0.51% to 420.010, while USD/NGN rose 0.28% to 362.500.

The US Dollar Index Futures was up 0.16% at 94.24.

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