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Nigeria shares higher at close of trade; NSE 30 up 1.70%

Published 2017-10-06, 01:15 p/m
© Reuters.  Nigeria shares higher at close of trade; NSE 30 up 1.70%
DANGFLOUR
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FBNH
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NB
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Investing.com – Nigeria equities were higher at the close on Friday, as gains in the Oil & Gas, Food, Beverages & Tobacco and Banking sectors propelled shares higher.

At the close in Lagos, the NSE 30 gained 1.70% to hit a new 1-month high.

The biggest gainers of the session on the NSE 30 were Wapco (LAGOS:WAPCO), which rose 5.93% or 3.21 points to trade at 56.56 at the close. Fbn Holdings (LAGOS:FBNH) added 5.26% or 0.300 points to end at 6.000 and Nig Brew (LAGOS:NB) was up 3.91% or 6.40 points to 170.02 in late trade.

Biggest losers included Pz Cussons LG (LAGOS:PZ), which lost 0.64% or 0.15 points to trade at 23.40 in late trade. Dangote Flour Mills PLC (LAGOS:DANGFLOUR) declined 0.60% or 0.04 points to end at 6.60 and Skye Bank (LAGOS:SKYEBAN) 0.00% or 0.000 points to 0.530.

Advancing stocks outnumbered falling ones by 50 to 25 and 27 ended unchanged on the Lagos.

In commodities trading, Crude oil for November delivery was down 2.72% or 1.38 to $49.41 a barrel. Meanwhile, Brent oil for delivery in December fell 1.96% or 1.12 to hit $55.88 a barrel, while the December Gold Futures contract rose 0.26% or 3.32 to trade at $1276.52 a troy ounce.

EUR/NGN was up 0.37% to 421.470, while USD/NGN rose 0.28% to 356.000.

The US Dollar Index Futures was down 0.09% at 93.69.

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