Nigeria stocks higher at close of trade; NSE 30 up 0.22%

11/01/2017 17:15:00 Stock Market

Nigeria stocks were higher after the close on Wednesday, as gains in the Banking, Oil&Gas and Insurance sectors led shares higher.

At the close in Lagos, the NSE 30 added 0.22%.

The best performers of the session on the NSE 30 were Diamond Bank (LAGOS:DIAMONB), which rose 2.06% or 0.020 points to trade at 0.990 at the close. Meanwhile, Wemabank (LAGOS:WEMABAN) added 2.00% or 0.010 points to end at 0.510 and Guaranty Bnk (LAGOS:GUARANT) was up 1.87% or 0.44 points to 24.00 in late trade.

The worst performers of the session were Guiness Nig (LAGOS:GUINNES), which fell 6.38% or 5.10 points to trade at 72.51 at the close. Union Bank LG (LAGOS:UBN) declined 4.21% or 0.22 points to end at 5.00 and Fidelitybk (LAGOS:FIDELIT) was down 2.20% or 0.020 points to 0.880.

Rising stocks outnumbered declining ones on the Lagos by 19 to 16 and 62 ended unchanged.

Shares in Guiness Nig (LAGOS:GUINNES) fell to all time lows; down 6.38% or 5.10 to 72.51.

Crude oil for February delivery was up 3.27% or 1.66 to $52.48 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 3.32% or 1.78 to hit $55.42 a barrel, while the February Gold contract fell 0.25% or 3.00 to trade at $1182.50 a troy ounce.

EUR/NGN was down 0.45% to 331.450, while USD/NGN rose 0.23% to 315.480.

The US Dollar Index was up 0.47% at 102.49.

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