NASD Unlisted Security Index Falls 0.02% at Midweek

This resulted in a marginal decline in the market capitalisation by N560 million to N1.056 trillion, the same value of the preceding trading session, as the NASD Unlisted Security Index (NSI) slid by 0.18 points to wrap the session at 3,081.91 points compared with 3,082.47 points recorded at the previous session.

Business Post reports that Geo-Fluids Plc suffered a decline of 4 Kobo at midweek to sell at N4.85 per share versus the previous session’s N4.89 per share, and Afriland Properties Plc lost 12 Kobo to close at N16.00 per unit, in contrast to Tuesday’s closing price of N16.12 per unit.

However, the price of First Trust Microfinance Bank Plc increased by 3 Kobo yesterday to settle at 37 Kobo per share compared with the previous day’s value of 34 Kobo per share.

There was a 5,943.8 per cent surge in the volume of securities traded in the session as investors exchanged 3.6 million units compared to 59,432 units traded in the preceding session and the value of shares traded yesterday increased by 1,641.7 per cent to N36.6 million from the N2.1 million achieved a day earlier, while the number of deals carried out went up by 133.3 per cent to 14 deals from six deals.

At the close of transactions, FrieslandCampina Wamco Nigeria Plc was the most active stock by value (year-to-date) with 1.9 million units valued at N74.2 million, followed by 11 Plc with 12,963 units worth N3.2 million, and Industrial and General Insurance  (IGI )Plc with 10.7 million units sold for N2.1 million.

But the most active stock by volume (year-to-date) was IGI Plc with 10.6 million units worth N2.1 million, trailed by FrieslandCampina Wamco Nigeria Plc with 1.9 million units sold for N74.2 million, and Acorn Petroleum Plc followed with 1.2 million units valued at N1.9 million.