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Nigeria’s Unlisted Securities Market Jumps 1.42%

Unlisted Securities Market

The last trading day of this week at the NASD Over-the-Counter (OTC) Securities Exchange closed on a positive note with a 1.42 per cent appreciation on Thursday, June 5.

The unlisted securities market extended its winning streak to four this week, with its total value growing by N67.29 billion to N1.995 trillion from the N1.927 trillion quoted at the preceding session.

In the same vein, the NASD Unlisted Security Index (NSI) was up by 46.62 points during the session to finish at 3,388.81 points, in contrast to the 3,292.19 points it ended at midweek.

Yesterday, the price of Okitipupa Plc increased by N22.00 to close at N242.00 per share compared with the previous day’s N220.00 per share, Nipco Plc grew by N19.97 to close at N219.77 per unit compared with Wednesday’s value of N199.80 per unit, FrieslandCampina Wamco Nigeria Plc rose by N6.19 to N79.45 per share from N73.26 per share, and Geo-Fluids Plc jumped by 12 Kobo to close at N2.90 per unit, in contrast to Wednesday’s closing price of N2.78 per unit.

The volume of securities traded by investors during the session soared by 36.7 per cent to 594,423 units from the 434,892 units traded a day earlier, the value of securities went up by 62.1 per cent to N29.9 million from N18.5 million, and the number of deals climbed by 69.7 per cent to 56 deals from 33 deals.

When trading activities ended for the day, Impresit Bakolori Plc was the most traded equity by volume (year-to-date) with 536.9 million units worth N524.8 million, the second place was occupied by Air Liquide Plc with 507.2 million units sold for N4.2 billion, and the third spot was grabbed by Geo-Fluids Plc after exchanging 268.3 million units valued at N475.3 million.

The most active stock by value (year-to-date) remained Okitipupa Plc with 153.7 million units worth N4.9 billion, followed by Air Liquide Plc with 507.2 million units valued at N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 38.8 million units sold for N1.6 billion.

Trading activities will not happen at the NASD today and next Monday due to the public holidays declared by the federal government for Sallah.

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