Nigeria stocks higher at close of trade; NSE 30 up 0.89%

Nigeria stocks were higher after the close on Tuesday, as gains in the Banking, Insurance and Food, Beverages & Tobacco sectors led shares higher.

At the close in Lagos, the NSE 30 rose 0.89% to hit a new 6-months high.

The best performers of the session on the NSE 30 were Fbn Holdings (LAGOS:FBNH), which rose 7.98% or 0.390 points to trade at 5.280 at the close. Meanwhile, Access Bank (LAGOS:ACCESS) added 4.08% or 0.31 points to end at 7.61 and Wemabank (LAGOS:WEMABAN) was up 4.00% or 0.020 points to 0.520 in late trade.

The worst performers of the session were Dangote Flour Mills PLC (LAGOS:DANGFLOUR), which fell 0.95% or 0.04 points to trade at 4.17 at the close. Stanbicibtc Hl (LAGOS:IBTC) declined 0.74% or 0.20 points to end at 26.75 and Guiness Nig (LAGOS:GUINNES) was 0.00% or 0.00 points to 72.00.

Rising stocks outnumbered declining ones on the Lagos by 30 to 17 and 51 ended unchanged.

Shares in Fbn Holdings (LAGOS:FBNH) rose to 52-week highs; gaining 7.98% or 0.390 to 5.280. Shares in Access Bank (LAGOS:ACCESS) rose to 52-week highs; up 4.08% or 0.31 to 7.61.

Crude oil for July delivery was down 1.10% or 0.55 to $49.25 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 1.52% or 0.80 to hit $51.84 a barrel, while the June Gold Futures contract fell 0.41% or 5.16 to trade at $1262.94 a troy ounce.

EUR/NGN was down 0.42% to 361.950, while USD/NGN rose 3.26% to 325.000.

The US Dollar Index Futures was down 0.08% at 97.25.

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