Business

Nigeria stocks higher at close of trade; NSE 30 up 1.27%

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

At the close in Lagos, the NSE 30 gained 1.27%. The best performers of the session on the NSE 30 were Nig Brew (LAGOS: NB), which rose 9.99% or 8.40 points to trade at 92.50 at the close. Meanwhile, Diamond Bank (LAGOS: DIAMONB) added 8.40% or 0.100 points to end at 1.290 and Guaranty Bnk (LAGOS: GUARANT) was up 5.46% or 1.80 points to 34.75 in late trade.

The worst performers of the session were Unilever Nig (LAGOS: UNILEVE), which fell 8.12% or 3.80 points to trade at 45.40 at the close. Wapco (LAGOS: WAPCO) declined 6.76% or 1.40 points to end at 19.30 and Dangote Flour Mills PLC (LAGOS:DANGFLOUR) was down 5.00% or 0.40 points to 7.20.

Falling stocks outnumbered advancing ones on the Lagos by 46 to 40 and 16 ended unchanged. Shares in Wapco (LAGOS:WAPCO) fell to 5-year lows; falling 6.76% or 1.40 to 19.30. Crude oil for October delivery was up 0.26% or 0.18 to $68.77 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.27% or 0.21 to hit $77.97 a barrel, while the December Gold Futures contract fell 0.63% or 7.60 to trade at $1200.60 a troy ounce.

EUR/NGN was down 0.54% to 420.670, while USD/NGN unchanged 0.00% to 363.000. The US Dollar Index Futures was up 0.42% at 94.93. Investing.com

Pix: Nigeria Stock Exchange building