NASD Index Extends Weekly Bullish Run as Investors Gain N80bn in Week 10

Data indicated that the NASD Unlisted Security Index (NSI) went up last week by 75.07 points in the week to 3,370.39 points from the preceding week’s 3,295.32 points.

In the same vein, the market capitalisation expanded by N79.79 billion to N1.946 trillion from N1.866 trillion, helped by the admission of a new member to the bourse, Infrastructure Credit Guarantee Company (InfraCredit) Plc.

In the week, Okitipupa Plc gained 29.8 per cent to end at N298.00 per share versus N229.52 per share, Newrest ASL appreciated by 10 per cent to N34.52 per unit from N31.38 per unit, Nipco Plc also improved by 10 per cent to N181.63 per share from N165.12 per share, and NASD Plc jumped by 9.9 per cent to N20.63 per unit from N18.76 per unit.

Further, Food Concepts Plc added 9.8 per cent to its price to close at N1.67 per share compared with the previous week’s N1.52 per share, UBN Property Plc rose by 5.7 per cent to N1.85 per unit from N1.75 per unit, Central Securities Clearing System (CSCS) Plc soared by 1.5 per cent to N23.02 per share from N22.68 per share, and Afriland Properties Plc advanced by 1.4 per cent to N22.90 per unit from N22.59 per unit.

On the flip side, First Trust Microfinance Plc lost 9.6 per cent to sell for 47 Kobo per share versus 52 Kobo per share, Industrial and General Insurance (IGI) Plc declined by 9.3 per cent to 39 Kobo per unit from 47 Kobo per unit, Geo-Fluids Plc slipped by 9.1 per cent to N2.91 per share from N3.20 per share, and FrieslandCampina Wamco Nigeria Plc crashed by 2.9 per cent to N37.00 per unit from N38.02 per unit.

In the five-day trading week, the volume of trades went down by 42.5 per cent to 4.59 million units from 7.99 million units and the value of transactions declined by 55.0 per cent to N128.1 million from N284.7 million.

FrieslandCampina Wamco Nigeria Plc was the most active by value last week with N74.8 million, followed by CSCS Plc with N34.9 million, Okitipupa Plc recorded N14.8 million, Geo-Fluids Plc transacted N1.3 million, and Nipco Plc posted N0.9 million.

Similarly, FrieslandCampina Wamco Plc was also the most traded stock by volume with 2.02 million units, CSCS Plc exchanged 1.5 million units, Geo-Fluids Plc recorded 0.433 million units, IGI Plc traded 0.202 million units, and First Trust Microfinance Plc traded 0.113 million units.