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Nigeria stocks higher at close of trade; NSE 30 up 1.42%

Published 09/02/2016, 04:15 am
© Reuters.  Nigeria stocks higher at close of trade; NSE 30 up 1.42%

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

At the close in Lagos, the NSE 30 added 1.42%.

The best performers of the session on the NSE 30 were Unilever Nig (LAGOS:UNILEVE), which rose 4.94% or 1.50 points to trade at 31.85 at the close. Meanwhile, Pz Cussons LG (LAGOS:PZ) added 4.78% or 1.00 points to end at 21.94 and Guaranty Bnk (LAGOS:GUARANT) was up 1.56% or 0.25 points to 16.25 in late trade.

The worst performers of the session were Tiger Branded Consumer Goods PLC (LAGOS:TIGERBRD), which fell 4.80% or 0.06 points to trade at 1.22 at the close. Guiness Nig (LAGOS:GUINNES) declined 2.32% or 2.84 points to end at 117.99 and Fbn Holdings (LAGOS:FBNH) was down 1.26% or 0.05 points to 3.92.

Falling stocks outnumbered advancing ones on the Lagos Stock Exchange by 22 to 18 and 45 ended unchanged.

Crude oil for March delivery was down 2.51% or 0.78 to $30.11 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April fell 1.97% or 0.67 to hit $33.39 a barrel, while the April Gold contract rose 3.02% or 35.00 to trade at $1192.70 a troy ounce.

EUR/NGN was down 0.87% to 220.260, while USD/NGN fell 0.03% to 199.000.

The US Dollar Index was down 0.07% at 96.91.

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