11, CSCS, IGI Lift NASD Bourse by 1.57% in First Session of 2025

The alternative stock market recorded an appreciation of 1.57 per cent on Thursday, January 2, raising the value of the platform by N16.19 billion to N1.045 trillion at the close of business from N1.029 trillion of the final trading day of 2024.

In the same vein, the NASD Unlisted Security Index (NSI) made an addition of 47.23 points to wrap the session at 3,049.91 points compared with 3,002.68 points recorded at the previous session.

There were three appreciating stocks at the bourse yesterday, with 11 Plc rising by N21.10 to close at N232.10 per share from the N211.00 per share it ended in the preceding session.

Further, Central Securities Clearing System (CSCS) Plc gained N1.95 during the session to close at N23.05 per unit compared with Tuesday’s closing value of N21.10 per unit and Industrial and General Insurance (IGI) Plc increased its value by 1 Kobo to end at 18 Kobo per share, in contrast to the previous trading day’s 17 Kobo per share.

However, the share price of FrieslandCampina Wamco Nigeria Plc shrank yesterday by 67 Kobo to settle at N39.94 per unit versus the previous session’s N40.61 per unit.

On Thursday, the volume of transactions went down by 56.1 per cent to 1.2 million units from 2.7 million units, the value of trades declined by 47.4 per cent to N4.8 million from N9.2 million, and the number of deals decreased by 37.1 per cent to 22 deals from 35 deals.

FrieslandCampina Wamco Nigeria Plc was the most active stock by value with 51,556 units worth N2.1 million, followed by 11 Plc with 6,546 units valued at N1.5 million, and CSCS Plc with 45,000 units sold for N1.04 million.

But IGI Plc closed the day as the most active stock by volume with 1.07 million units sold for N197,838, trailed by FrieslandCampina Wamco Nigeria Plc with 51,556 units valued at N2.06 billion, and CSCS Plc with 45,000 units worth N1.04 million.