Okitipupa, Four Others Drive NASD Exchange’s 0.65% Rise

The rise was driven by five price gainers during the session, with Okitipupa Plc further chalking up N29 to end at N327.00 per unit compared with the preceding day’s N298.00 per unit.

In addition, Nipco Plc gained N18.17 to close at N199.80 per share compared with last Friday’s N181.63 per share, FrieslandCampina Wamco Nigeria Plc jumped by 49 Kobo to N37.49 per unit from N37.00 per unit, AG Mortgage Bank Plc grew by 4 Kobo to 52 Kobo per share from 48 Kobo per share, and First Trust Microfinance Bank Plc expanded by 3 Kobo to 50 Kobo per unit from its previous rate of 47 Kobo per unit.

As a result of the gains recorded by the securities, the market capitalisation of the platform went up by N12.68 billion to settle at N1.959 trillion compared with the preceding session’s N1.946 trillion, and the NASD Unlisted Security Index (NSI) increased by 21.96 points to close at 3,392.35points, in contrast to the previous trading day’s 3,370.39 points.

Business Post reports that during the trading day, 11 Plc plunged by N13.00 to N240.00 per unit from N253.00 per unit, NASD Plc lost N1.63 to settle at N19.00 per share versus last Friday’s price of N20.63 per share, Geo-Fluids Plc declined by 23 Kobo to trade at N2.68 per unit versus N2.91 per unit, and Central Securities Clearing System (CSCS) Plc fell by 2 Kobo to quote at N23.02 per share compared with the preceding session’s N23.00 per share.

Yesterday, the volume of securities traded at the bourse rose by 53.9 per cent to 1.7 million units from the 1.3 million units achieved in the previous tarding day, the value of securities went up by 26.8 per cent to N27.8 million from N21.9 million, and the number number of deals increased by 157.1 per cent to 36 deals from 14 deals.

Impresit Bakolori Plc was the most active stock by value (year-to-date) with 533.9 million units worth N520.9 million, followed by FrieslandCampina Wamco Nigeria Plc with 11.9 million units valued at N461.4 million, and Afriland Properties Plc with 17.2 million units valued at N352.7 million.

Also, Impresit Bakolori Plc was the most active stock by volume (year-to-date) with 533.9 million units worth N520.9 million followed by Industrial and General Insurance (IGI) Plc with 69.9 million units worth N23.7 million and trailed by Afriland Properties Plc with 17.2 million units valued at N352.7 million.