NASD Exchange Extends Positive Movement by 0.55%

During the session, the market capitalization of the alternative stock exchange went up by N9.78 billion to settle at N1.782 trillion from N1.772 trillion and the NASD Unlisted Security Index (NSI) rose further by N17.27 to quote at 3,146.74 points compared with the preceding session’s 3,129.47 points.

During yesterday’s session, the volume of securities transacted by investors jumped by 1,591.4 per cent to 8.5 million units from the 499,700 units transacted in the previous trading day.

Also, the value of transactions increased by 509.9 per cent to N2.2 million from N13.6 million, and the number of deals went up by 93.3 per cent to 29 deals from 15 deals.

The NASD OTC exchange closed with three price gainers and three price losers on Tuesday.

The gainers were led by Okitipupa Plc with an addition of N7.01 to its price to close at N84.86 per share versus N77.14 per share, Central Securities Clearing System (CSCS) Plc improved by N2.13 to close at N23.83 per unit compared with the preceding day’s N21.70 per unit, and Geo Fluids Plc gained 12 Kobo to trade at N4.54 per share, in contrast to Monday’s closing price of N4.42 per share.

On the flip side, Industrial and General Insurance (IGI) Plc decreased by 4 Kobo to finish at 38 Kobo per unit compared with 42 Kobo per unit, FrieslandCampina Wamco Nigeria Plc lost N2.11 to trade at N37.89 per share, in contrast to the preceding session’s N40.00 per share, and Food Concepts Plc depreciated by 2 Kobo to N1.42 per unit from N1.44 per unit.

Impresit Bakolori Plc was the most active stock by value on a year-to-date basis with a turnover of 519.5 million units worth N504.3 million, trailed by FrieslandCampina Wamco Nigeria Plc with 6.2 million units valued at N245.0 million, and Geo-Fluids Plc with 9.3 million units sold for N44.8 million.

Impresit Bakolori Plc was also the most active stock by volume on a year-to-date basis with the sale of 519.5 million units for N504.3 million, followed by Industrial and General Insurance (IGI) Plc with 42.4 million units worth N12.9 million, and Geo-Fluids Plc with 9.3 million units valued at N44.8 million.