NASD OTC Market Maintains Positive Outcome, Gains 0.31%

This raised the market capitalisation of the bourse by N25.85 billion to close the session at N1.866 trillion compared with the preceding day’s N1.861 trillion and the NASD Unlisted Security Index (NSI) increased by 10.33 points to close at 3,295.32 points, in contrast to the previous trading day’s 3,284.99 points.

The volume of securities traded yesterday slumped by 50.2 per cent to 1.03 million units from the 2.07 million units posted a day earlier and the value of securities traded went south by 14.7 per cent to N39.9 million from the N46.8 million quoted at the preceding session, while the number number of deals increased by 166.7 per cent to 40 deals from 15 deals.

During the session, Okitipupa Plc continued its bullish run by adding N14.52 to its value to settle at N229.52 per share compared with Thursday’s value of N215.00 per share, NASD Plc rose by N1.70 to N18.76 per unit from N17.06 per unit, Afriland Properties Plc gained N1.09 to finish at N22.59 per share versus the previous price of N21.50 per share, and Golden Capital Plc increased by 50 Kobo to trade at N10.50 per unit compared with the N10.00 per unit it was sold a day earlier.

On the flip side, FrieslandCampina Wamco Nigeria Plc depreciated by N1.84 to settle at N38.86 per share compared with the preceding session’s N39.86 per share, and Geo-Fluids Plc lost 4 Kobo to end at N3.20 per unit, in contrast to Thursday’s value of N3.24 per unit.

Impresit Bakolori Plc ended the day as the most active stock by value (year-to-date) with 533.8 million units worth N520.9 million, followed by Afriland Properties Plc with 16.4 million units valued at 335.2 million, and FrieslandCampina Wamco Nigeria Plc with 8.3 million units valued at N329.2 million.

Industrial and General Insurance (IGI) Plc remained the most active stock by volume (year-to-date) with 69.7 million units worth N23.6 million, trailed by Geo-Fluids Plc with 10.9 million units sold for N51.9 million, and FrieslandCampina Wamco Nigeria Plc with 8.3 million units valued at N329.2 million.