Nigeria stocks higher at close of trade; NSE 30 up 0.34%

Nigeria stocks higher at close of trade; NSE 30 up 0.34%

Jul 26, 2018

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

At the close in Lagos, the NSE 30 gained 0.34%.

The best performers of the session on the NSE 30 were Diamond Bank (LAGOS:DIAMONB), which rose 6.56% or 0.080 points to trade at 1.300 at the close. Meanwhile, Nestle Nig (LAGOS:NESTLE) added 3.52% or 51.00 points to end at 1501.00 and Fbn Holdings (LAGOS:FBNH) was up 2.66% or 0.250 points to 9.650 in late trade.

The worst performers of the session were Guiness Nig (LAGOS:GUINNES), which fell 9.27% or 8.90 points to trade at 87.10 at the close. Total Nig (LAGOS:TOTAL) declined 6.00% or 12.00 points to end at 188.00 and Dangote Flour Mills PLC (LAGOS:DANGFLOUR) was down 5.17% or 0.45 points to 8.30.

Falling stocks outnumbered advancing ones on the Lagos by 58 to 29 and 20 ended unchanged.

Crude oil for September delivery was up 0.65% or 0.45 to $69.75 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.66% or 0.49 to hit $74.42 a barrel, while the August Gold Futures contract fell 0.53% or 6.50 to trade at $1225.30 a troy ounce.

EUR/NGN was up 0.30% to 423.950, while USD/NGN rose 0.15% to 362.000.

The US Dollar Index Futures was up 0.51% at 94.46.

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