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NASD Index Gains 0.36% as Investors’ Wealth Rises N6.58bn

NASD Unlisted Securities

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The NASD Over-the-Counter (OTC) Securities Exchange returned to the green territory on Thursday with a 0.36 per cent growth, which increased the market capitalisation of the bourse by N6.58 billion to N1.846 trillion from the previous day’s N1.840 trillion.

In the same vein, the NASD Unlisted Security Index (NSI) went up by 11.23 points during the trading session to 3,153.87 points from the previous session’s 3,142.64 points.

Data showed that four securities were responsible for the jump recorded by the unlisted securities market yesterday, overpowering the decline suffered by a stock.

FrieslandCampina Wamco Nigeria Plc topped the gainers’ group after its value increased by N3.24 to close at N40.98 per unit versus the previous closing value of N37.74 per unit, Geo-Fluids Plc added 21 Kobo to settle at N2.31 per share compared with midweek’s price of N2.10 per share, UBN Property Plc gained 20 Kobo to end at N2.16 per unit versus N1.96 per unit, and Food Concepts Plc grew by 12 Kobo to finish at N1.41 per share, in contrast to Wednesday’s value of N1.29 per share.

On the flip side, the share price of Central Securities Clearing System (CSCS) went down by 99 Kobo to trade at N25.99 per unit versus N26.98 per unit.

The volume of trades during the trading day was down by 82.2 per cent to 304,374 units from 1.7 million units, the value of transactions fell by 91.6 per cent to N5.2 million from N61.7 million, and the number of deals decreased by 52.5 per cent to 29 deals from 61 deals.

At the close of business, Impresit Bakolori Plc was the most active stock by volume (year-to-date) with 536.9 million units worth N524.7 million, followed by Geo-Fluids Plc with 266.4 million units valued at N470.6 million, and Okitipupa Plc with 153.6 million units sold for N4.9 billion.

Okitipupa Plc retained its position as the most active stock by value (year-to-date) with 153.6 million units valued at N4.9 billion, trailed by FrieslandCampina Wamco Nigeria Plc with 21.7 million units sold for N833.4 million, and Impresit Bakolori Plc with 536.9 million units worth N524.7 million.

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