Business News

NASD OTC Bourse Records 6.97% Rise in Week 20

NASD Market capitalisation

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange showed no sign of slowing down as it extended its stellar run for another week in Week 20 with a 6.97 per cent appreciation. This expanded the market capitalisation of the alternative bourse by N94 billion to N1.720 trillion from N1.608 trillion quoted in Week 19 and the NASD Unlisted Security Index (NSI) increased by 81.89 points to 1,256.02 points from the 1,174.13 points it ended a week earlier. Newrest Asl Plc chalked up 21 per cent on a week-on-week basis to end at N21.43 per unit versus N25.93 per unit