Afriland Properties, CSCS Boost NASD Index by 0.38%

This moved the market capitalisation of the trading platform higher by N6.94 billion to close at N1.818 trillion compared with the previous day’s N1.811 trillion and the NASD Unlisted Security Index (NSI) expanded by 12.24 points during the trading day to close at 3,210.04 points compared with 3,197.80 points recorded in the previous session.

The two companies ended on the gainers’ chart yesterday, with Afriland Properties Plc growing by N1.41 to trade at N20.41 per share versus N19.00 per share, and Central Securities Clearing System (CSCS) improved by N1.00 to finish at N24.50 per unit, in contrast to Wednesday’s N23.00 per unit.

The volume of securities traded in the session went down by 96.8 per cent to 465,820 units compared with the 14.7 million units recorded at midweek, the value of shares traded by investors depleted by 57.8 per cent to N9.6 million from the N22.8 million achieved a day earlier, and the number of deals went down by 50.00 per cent to 10 deals from the 20 deals recorded in the previous trading session.

When the market closed for the session, Impresit Bakolori Plc was the most active stock by value (year-to-date) with 533.9 million units worth N520.9 million, followed by FrieslandCampina Wamco Nigeria Plc with 4.3 million units valued at N170.4 million, and Geo-Fluids Plc was in third with 9.1 million units sold for N44.3 million.

Impresit Bakolori Plc was also the most active stock by volume (year-to-date) with 533.9 million units worth N520.9 million, trailed by FrieslandCampina Wamco Plc with 7.4 million units sold for N294.6 million, and Afriland Properties Plc with 3.3 million units valued at N58.6 million.