Wednesday, September 19, 2018

© Reuters.  Nigeria stocks higher at close of trade; NSE 30 up 0.40%© Reuters. Nigeria stocks higher at close of trade; NSE 30 up 0.40% – Nigeria stocks were higher after the close on Friday, as gains in the Insurance, Banking and Food, Beverages & Tobacco sectors led shares higher.

At the close in Lagos, the NSE 30 rose 0.40% to hit a new 1-month high.

The best performers of the session on the NSE 30 were Diamond Bank (LAGOS:DIAMONB), which rose 8.57% or 0.090 points to trade at 1.140 at the close. Meanwhile, Union Bank LG (LAGOS:UBN) added 4.35% or 0.25 points to end at 6.00 and Wapco (LAGOS:WAPCO) was up 2.75% or 1.50 points to 56.60 in late trade.

The worst performers of the session were Total Nig (LAGOS:TOTAL), which fell 4.72% or 11.95 points to trade at 241.05 at the close. Pz Cussons LG (LAGOS:PZ) declined 2.43% or 0.58 points to end at 23.32 and Skye Bank (LAGOS:SKYEBAN) was down 1.96% or 0.010 points to 0.500.

Rising stocks outnumbered declining ones on the Lagos by 44 to 31 and 17 ended unchanged.

Shares in Skye Bank (LAGOS:SKYEBAN) fell to all time lows; losing 1.96% or 0.010 to 0.500.

Crude oil for November delivery was up 0.95% or 0.48 to $51.08 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 1.03% or 0.58 to hit $56.83 a barrel, while the December Gold Futures contract rose 0.58% or 7.53 to trade at $1304.03 a troy ounce.

EUR/NGN was down 0.23% to 425.740, while USD/NGN fell 0.14% to 355.000.

The US Dollar Index Futures was down 0.03% at 92.91.

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