Nipco, Two Others Revive NASD Index by 0.46%

Nipco Plc improved its closing price by N13.64 during the trading day to N150.10 per share compared with the preceding trading day’s N136.46 per share, Geo-Fluids Plc gained 33 Kobo to end the session at N3.88 per unit versus Wednesday’s closing value of N3.55 per unit, and UBN Property Plc appreciated by 16 Kobo to settle at N1.89 per share, in contrast to midweek’s closing price of N1.73 per share.

On the flip side, Industrial and General Insurance (IGI) Plc depreciated by 1 kobo to trade at 17 Kobo per unit compared with the preceding trading session’s 18 Kobo per unit.

At the close of business, the market capitalisation of the bourse increased by N4.73 billion to finish the trading day at N1.034 trillion compared with the midweek trading session’s N1.029 trillion.

In the same vein, the NASD Unlisted Security Index (NSI) went up by 13.77 points to wrap the session at 3,017.07 points compared with 3,003.30 points recorded in the previous session.

On Thursday, the volume of securities traded by investors surged by 603.9 per cent to 2.3 million units from the 59.624 units recorded a day earlier.

However, the value of shares traded yesterday slumped by 48.9 per cent to N2.3 million from N4.6 million as the number of deals declined by 12 per cent to 22 deals from the 25 deals carried out on Wednesday.

Geo-Fluids Plc remained the most active stock by volume (year-to-date) with 1.7 billion units worth N3.9 billion, followed by Okitipupa Plc with 752.3 million units valued at N7.8 billion, and Afriland Properties Plc with 297.7 million units sold for N5.3 million.

Aradel Holdings Plc also remained the most active stock by value (year-to-date) with 108.7 million units valued at N89.2 billion, trailed by Okitipupa Plc with 752.3 million units sold for N7.8 billion, and Afriland Properties Plc with 297.7 million units worth N5.3 billion.