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Nigeria stocks higher at close of trade; NSE 30 up 2.04%

Published 01/08/2018, 12:15 PM
© Reuters.  Nigeria stocks higher at close of trade; NSE 30 up 2.04%

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

At the close in Lagos, the NSE 30 added 2.04% to hit a new 3-years high.

The best performers of the session on the NSE 30 were Pz Cussons LG (LAGOS:PZ), which rose 5.00% or 1.00 points to trade at 21.00 at the close. Meanwhile, Dangote Flour Mills PLC (LAGOS:DANGFLOUR) added 5.00% or 0.70 points to end at 14.70 and Skye Bank (LAGOS:SKYEBAN) was up 4.92% or 0.030 points to 0.640 in late trade.

The worst performers of the session were Union Bank LG (LAGOS:UBN), which fell 3.25% or 0.25 points to trade at 7.45 at the close. Nestle Nig (LAGOS:NESTLE) declined 3.00% or 45.00 points to end at 1455.00 and Wemabank (LAGOS:WEMABAN) was down 1.67% or 0.010 points to 0.590.

Rising stocks outnumbered declining ones on the Lagos by 53 to 23 and 20 ended unchanged.

Shares in Dangote Flour Mills PLC (LAGOS:DANGFLOUR) rose to 5-year highs; gaining 5.00% or 0.70 to 14.70.

Crude oil for February delivery was up 0.18% or 0.11 to $61.55 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 0.15% or 0.10 to hit $67.72 a barrel, while the February Gold Futures contract fell 0.36% or 4.70 to trade at $1317.60 a troy ounce.

EUR/NGN was down 0.83% to 430.900, while USD/NGN unchanged 0.00% to 360.000.

The US Dollar Index Futures was up 0.32% at 92.04.

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