NASD Ends Week on Positive Note With 0.17% Appreciation

Gains recorded by three securities on the trading platform boosted the growth achieved yesterday amid the 6.5 per cent loss posted by Geo-Fluids Plc, which closed at N3.98 per share compared with the previous day’s N4.24 per share.

Business Post reports that Food Concepts Plc grew its value by 9.2 per cent during the session to settle at N1.64 per unit versus the previous price of N1.49 per unit, Air Liquide Plc jumped by 9.1 per cent to end at N8.25 per share, in contrast to the previous day’s N7.50 per share, and Acorn Petroleum Plc made a 7.7 per cent gain to trade at N1.30 per unit compared with Thursday’s closing price of N1.20 per unit.

When the bourse closed for the day, the market capitalisation was up by N3.21 billion to N1.851 trillion from the preceding day’s N1.848 trillion, and the NASD Unlisted Security Index (NSI) increased by 5.66 points to close at 3,268.01 points, in contrast to the previous trading day’s 3,262.35 points.

The volume of securities traded yesterday jumped by 2,195.7 per cent to 392,568 units from the 17,100 units transacted by the market participants on Thursday.

Also, the value of securities traded went up by 20.8 per cent to N1.5 million from the N1.3 million quoted at the preceding session, and the number number of deals increased by 33.3 per cent to eight deals from six deals.

At the close of transactions, Impresit Bakolori Plc was the most active stock by value (year-to-date) with 533.9 million units worth N520.9 million, followed by Afriland Properties Plc with 16.4 million units valued at N335.2 million, and FrieslandCampina Wamco Nigeria Plc with 8.3 million units valued at N328.9 million.

Similarly, Impresit Bakolori Plc was the most active stock by volume (year-to-date) with 533.9 million units worth N520.9 million, trailed by Industrial General Insurance (IGI) Plc with 69.7 million units sold for N23.6 million, and Afriland Properties Plc with 16.4 million units valued at N335.2 million.