Investing.com – Nigeria equities were higher at the close on Wednesday, as gains in the Food, Beverages & Tobacco, Insurance and Banking sectors propelled shares higher.
At the close in Lagos, the NSE 30 gained 0.05% to hit a new 1-month high.
The biggest gainers of the session on the NSE 30 were Stanbicibtc Hl (LAGOS:IBTC), which rose 3.16% or 0.53 points to trade at 17.28 at the close. Diamond Bank (LAGOS:DIAMONB) added 1.67% or 0.020 points to end at 1.220 and Dangsugar (LAGOS:DANGSUG) was up 1.56% or 0.10 points to 6.54 in late trade.
Biggest losers included Wemabank (LAGOS:WEMABAN), which lost 4.35% or 0.030 points to trade at 0.660 in late trade. Union Bank LG (LAGOS:UBN) declined 2.44% or 0.11 points to end at 4.40 and Wapco (LAGOS:WAPCO) shed 2.02% or 1.13 points to 54.87.
Declining stocks outnumbered rising ones by 23 to 21 and 50 ended unchanged on the Lagos.
In commodities trading, Crude oil for November delivery was up 2.15% or 0.96 to $45.63 a barrel. Meanwhile, Brent oil for delivery in December rose 2.47% or 1.15 to hit $47.67 a barrel, while the December Gold contract fell 0.47% or 6.25 to trade at $1324.15 a troy ounce.
EUR/NGN was down 1.40% to 349.120, while USD/NGN fell 1.11% to 312.000.
The US Dollar Index was up 0.14% at 95.48.