Investing.com – Nigeria stocks were higher after the close on Wednesday, as gains in the Insurance, Banking and Food, Beverages & Tobacco sectors led shares higher.
At the close in Lagos, the NSE 30 rose 0.04%.
The best performers of the session on the NSE 30 were Tiger Branded Consumer Goods PLC (LAGOS:TIGERBRD), which rose 10.02% or 0.46 points to trade at 5.05 at the close. Meanwhile, Diamond Bank (LAGOS:DIAMONB) added 4.97% or 0.08 points to end at 1.69 and Firstcity Bnk (LAGOS:FCMB) was up 4.81% or 0.05 points to 1.08 in late trade.
The worst performers of the session were Wemabank (LAGOS:WEMABAN), which fell 8.75% or 0.070 points to trade at 0.760 at the close. Dangsugar (LAGOS:DANGSUG) declined 1.03% or 0.06 points to end at 5.77 and Wapco (LAGOS:WAPCO) was down 0.72% or 0.50 points to 69.00.
Rising stocks outnumbered declining ones on the Lagos Stock Exchange by 30 to 20 and 38 ended unchanged.
Shares in Tiger Branded Consumer Goods PLC (LAGOS:TIGERBRD) rose to 52-week highs; up 10.02% or 0.46 to 5.05.
Crude oil for June delivery was up 3.36% or 1.50 to $46.16 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 3.93% or 1.79 to hit $47.31 a barrel, while the June Gold contract rose 0.73% or 9.20 to trade at $1274.00 a troy ounce.
EUR/NGN was up 0.16% to 226.760, while USD/NGN unchanged 0.00% to 199.100.
The US Dollar Index was down 0.50% at 93.75.