Saturday 31 March 2018

Nigeria shares higher at close of trade; NSE 30 up 1.65%

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


At the close in Lagos, the NSE 30 added 1.65%.

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The biggest gainers of the session on the NSE 30 were Fidelitybk (LAGOS:FIDELIT), which rose 8.06% or 0.200 points to trade at 2.680 at the close. Wemabank (LAGOS:WEMABAN) added 6.45% or 0.060 points to end at 0.990 and Union Bank LG (LAGOS:UBN) was up 4.69% or 0.30 points to 6.70 in late trade.

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Biggest losers included Unilever Nig (LAGOS:UNILEVE), which lost 4.91% or 2.70 points to trade at 52.30 in late trade. Wapco (LAGOS:WAPCO) declined 2.37% or 1.10 points to end at 44.75 and Diamond Bank (LAGOS:DIAMONB) shed 2.11% or 0.040 points to 1.950.

Declining stocks outnumbered rising ones by 0 to 0 on the Lagos.

In commodities trading, Crude oil for May delivery was up 0.79% or 0.51 to $64.89 a barrel. Meanwhile, Brent oil for delivery in June rose 0.04% or 0.03 to hit $69.44 a barrel, while the April Gold Futures contract rose 0.06% or 0.80 to trade at $1325.00 a troy ounce.

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EUR/NGN was down 0.55% to 443.620, while USD/NGN rose 1000.00% to 360.000.

The US Dollar Index Futures was down 0.01% at 89.75.




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