NASD Index Adds 0.37% as Market Cap Dips N19bn in Week 51

However, the market capitalisation of the bourse went down by N19.45 million to N1.043 trillion from the N1.062 trillion recorded in the preceding week, which was Week 50.

Business Post reports that there were price four gainers and three price losers, indicating a positive market breadth index.

The gainers were led by Okitipupa Plc with a price appreciation of 10 per cent to close at N32.72 per unit versus the previous week’s N29.74 per unit, UBN Property jumped by 5.00 per cent to end at N1.89 per unit compared with the preceding trading value of N1.8 per unit, FrieslandCampina Wamco Nigeria Plc rose by 2.3 per cent to sell at N43.84 per share versus the preceding week’s N42.85 per share, and Nipco Plc gained 2.1 per cent to quote at N150.10 per share against the former value of N147.00 per share.

On the flip side, Industrial and General Insurance (IGI) Plc depreciated by 5.6 per cent to close at 17 Kobo per unit versus 18 Kobo per unit, Afriland Properties Plc recorded a 1.9 per cent slide to end at N15.99 per share versus N16.30 per share, and Geo-Fluids Plc lost 0.8 per cent to end at N3.88 per share against the N3.91 per share it was transacted a week earlier.

There was a 79.4 per cent slide in the volume of equities transacted in Week 51 to 2.29 million units from 11.12 million units in the previous week, the value of trades went up by 136.9 per cent to N89.8 million from N37.9 million, and the number of deals stood at 93 deals.

FrieslandCampina Wamco Nigeria Plc was the most active stock by value last week with N53.1 million, Nipco Plc recorded N30.1 million, Afriland Properties Plc posted N2.6 million, Geo-Fluids Plc traded N1.5 million, and 11 Plc achieved N0.96 million.

Also, FrieslandCampina Wamco Plc was also the most traded stock by volume in the week with 1.22 million units, UBN Property Plc transacted 0.2 million units, and Afriland Plc traded 0.16 million units.