Nigeria stocks higher at close of trade; NSE 30 up 0.59%

Nigeria stocks higher at close of trade; NSE 30 up 0.59%

Jul 13, 2018

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

At the close in Lagos, the NSE 30 gained 0.59%.

The best performers of the session on the NSE 30 were Wapco (LAGOS:WAPCO), which rose 8.70% or 3.00 points to trade at 35.55 at the close. Meanwhile, Union Bank LG (LAGOS:UBN) added 3.45% or 0.20 points to end at 5.80 and Dangsugar (LAGOS:DANGSUG) was up 2.94% or 0.50 points to 17.50 in late trade.

The worst performers of the session were Pz Cussons LG (LAGOS:PZ), which fell 9.74% or 1.85 points to trade at 17.15 at the close. Skye Bank (LAGOS:SKYEBAN) declined 3.08% or 0.020 points to end at 0.650 and Uacn Prop (LAGOS:UACN) was down 1.48% or 0.20 points to 13.30.

Falling stocks outnumbered advancing ones on the Lagos by 61 to 29 and 17 ended unchanged.

Shares in Pz Cussons LG (LAGOS:PZ) fell to 52-week lows; down 9.74% or 1.85 to 17.15.

Crude oil for August delivery was up 1.00% or 0.70 to $71.03 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 1.10% or 0.82 to hit $75.27 a barrel, while the August Gold Futures contract fell 0.38% or 4.70 to trade at $1241.90 a troy ounce.

EUR/NGN was down 0.07% to 355.640, while USD/NGN unchanged 0.00% to 361.000.

The US Dollar Index Futures was up 0.01% at 94.58.

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