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Nigeria shares higher at close of trade; NSE 30 up 0.73%

Published 2017-05-25, 01:15 p/m
© Reuters.  Nigeria shares higher at close of trade; NSE 30 up 0.73%
ACCESS
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DANGFLOUR
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DIAMONB
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FBNH
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UACN
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Investing.com – Nigeria equities were higher at the close on Thursday, as gains in the Banking, Insurance and Food, Beverages & Tobacco sectors propelled shares higher.

At the close in Lagos, the NSE 30 added 0.73% to hit a new 6-month high.

The biggest gainers of the session on the NSE 30 were Diamond Bank (LAGOS:DIAMONB), which rose 4.65% or 0.040 points to trade at 0.900 at the close. Uacn Prop (LAGOS:UACN) added 4.54% or 0.65 points to end at 14.98 and Fbn Holdings (LAGOS:FBNH) was up 4.47% or 0.190 points to 4.440 in late trade.

Biggest losers included Pz Cussons LG (LAGOS:PZ), which lost 6.05% or 1.15 points to trade at 17.90 in late trade. Access Bank (LAGOS:ACCESS) declined 2.01% or 0.15 points to end at 7.32 and Dangote Flour Mills PLC (LAGOS:DANGFLOUR) shed 1.68% or 0.07 points to 4.16.

Advancing stocks outnumbered falling ones by 30 to 14 and 60 ended unchanged on the Lagos.

In commodities trading, Crude oil for July delivery was down 4.05% or 2.08 to $49.28 a barrel. Meanwhile, Brent oil for delivery in July fell 3.82% or 2.06 to hit $51.90 a barrel, while the June Gold Futures contract rose 0.19% or 2.36 to trade at $1255.46 a troy ounce.

EUR/NGN was up 0.24% to 353.060, while USD/NGN unchanged 0.00% to 324.500.

The US Dollar Index Futures was up 0.15% at 97.10.

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