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NASD Exchange Opens Week 0.41% Higher

NASD securities

The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.41 per cent appreciation on Monday, September 22, pushing the NASD Unlisted Security Index (NSI) higher by 14.34 points to 3,538.43 points from the 3,534.09 points recorded in the previous trading session, as the market capitalisation increased by N8.58 billion to close at N2.1223 trillion versus the N2.114 trillion it quoted last Friday.

During the trading session, Purple Real Estate Plc gained 50 Kobo to trade at N8.00 per share compared with the preceding session’s N7.50 per share, and Food Concepts Plc appreciated by 37 Kobo to close at N4.15 per unit versus N3.78 per unit.

On the flip side, Afriland Properties Plc further declined by N1.77 to finish at N18.85 per share, in contrast to last Friday’s price of N20.62 per share, and Industrial and General Insurance (IGI) Plc dropped 6 Kobo to end at 58 Kobo per unit compared with the previous session’s 64 Kobo per unit.

Yesterday, the volume of securities traded fell by 88.8 per cent to 609,582 units from the previous 5.4 million units, the value of securities depleted by 89.4 per cent to N3.95 million from N37.4 million, and the number of deals slumped by 36.4 per cent to 14 deals from 22 deals.

Okitipupa Plc was still the most traded stock by value on a year-to-date basis with 158.7 million units transacted for N5.9 billion, followed by Air Liquide Plc with 507.3 million units worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 44.9 million units valued at N1.9 billion.

IGI Plc maintained its position as the most traded stock by volume on a year-to-date basis with 1.2 billion units worth N418.4 million, trailed by Impresit Bakolori Plc with 536.9 million units sold for N524.8 million, and Air Liquide Plc with 507.3 million units valued at N4.2 billion.

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