Nigeria shares higher at close of trade; NSE 30 up 0.61%

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

At the close in Lagos, the NSE 30 added 0.61%.

The biggest gainers of the session on the NSE 30 were Unilever Nig (LAGOS: UNILEVE ), which rose 7.49% or 4.50 points to trade at 64.50 at the close. Stanbicibtc Hl (LAGOS: IBTC ) added 5.00% or 2.35 points to end at 47.05 and Fbn Holdings (LAGOS: FBNH ) was up 4.87% or 0.550 points to 11.850 in late trade.

Biggest losers included Union Bank LG (LAGOS: UBN ), which lost 4.08% or 0.30 points to trade at 7.05 in late trade. Dangsugar (LAGOS: DANGSUG ) declined 1.33% or 0.30 points to end at 22.20 and Dangote Flour Mills PLC (LAGOS: DANGFLOUR ) shed 0.90% or 0.15 points to 16.60.

Declining stocks outnumbered rising ones by 46 to 45 and 14 ended unchanged on the Lagos.

In commodities trading, Crude oil for April delivery was down 1.03% or 0.63 to $60.52 a barrel. Meanwhile, Brent oil for delivery in May fell 0.71% or 0.46 to hit $63.88 a barrel, while the April Gold Futures contract fell 0.47% or 6.20 to trade at $1321.40 a troy ounce.

EUR/NGN was down 0.24% to 446.240, while USD/NGN fell 0.28% to 360.000.

The US Dollar Index Futures was up 0.59% at 90.09.