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Nigeria shares higher at close of trade; NSE 30 up 0.93%

Published 2016-02-26, 12:15 p/m
© Reuters.  Nigeria shares higher at close of trade; NSE 30 up 0.93%

Investing.com – Nigeria equities were higher at the close on Friday, as gains in the Food, Beverages & Tobacco, Banking and Oil & Gas sectors propelled shares higher.

At the close in Lagos, the NSE 30 added 0.93%.

The biggest gainers of the session on the NSE 30 were Fbn Holdings (LAGOS:FBNH), which rose 9.83% or 0.34 points to trade at 3.57 at the close. Union Bank LG (LAGOS:UBN) added 4.74% or 0.24 points to end at 5.31 and Unilever Nig (LAGOS:UNILEVE) was up 3.68% or 1.03 points to 28.00 in late trade.

Biggest losers included Stanbicibtc Hl (LAGOS:IBTC), which lost 4.04% or 0.60 points to trade at 14.50 in late trade. Firstcity Bnk (LAGOS:FCMB) declined 3.66% or 0.03 points to end at 0.79 and Fidelitybk (LAGOS:FIDELIT) shed 1.72% or 0.02 points to 1.14.

Advancing stocks outnumbered falling ones by 17 to 15 and 49 ended unchanged on the Lagos.

In commodities trading, Crude oil for April delivery was up 1.21% or 0.40 to $33.47 a barrel. Meanwhile, Brent oil for delivery in April rose 1.87% or 0.66 to hit $35.95 a barrel, while the April Gold contract fell 1.53% or 18.90 to trade at $1219.90 a troy ounce.

EUR/NGN was up 0.53% to 219.640, while USD/NGN fell 0.03% to 199.100.

The US Dollar Index was up 0.73% at 98.15.

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