The NASD Over-the-Counter (OTC) Securities Exchange further appreciated by 1.62 per cent in Week 29 after opening for business in just four days due to a public holiday on Tuesday for the demise of former President Muhammadu Buhari.
According to data harvested from the unlisted securities exchange, the market capitalisation increased in the week by N32.53 billion to N2.042 trillion from the N2.010 trillion recorded in Week 28.
In the same vein, the NASD Unlisted Security Index (NSI) went up by 55.54 points to settle at 3,488.74 points, in contrast to the 3,433.20 points recorded in the previous week.
The value of transactions last week jumped by 198.4 per cent to N434.9 million from the previous week’s N145.6 million, and the volume of trades increased by 498.1 per cent to 127.4 million units from 21.3 million units.
The most traded stock by value was InfraCredit Plc with N373.7 million, Okitipupa Plc recorded N25.2 million, Geo-Fluids Plc reported N23.4 million, Central Securities Clearing System (CSCS) Plc posted N3.1 million, and Lagos Building Investment Company (LBIC) Plc achieved N2.8 million.
Also, InfraCredit Plc ended the week as the most active stock by volume with 120 million units, Geo-Fluids Plc exchanged 5.1 million units, LBIC Plc sold 0.89 million units sold, UBN Property Plc quoted 0.65 million units, and Food Concepts Plc transacted 0.34 million units.
Data revealed that in the trading week, there were seven price movers with three price gainers and four price losers led by Acorn Petroleum Plc with a decline of 9.8 per cent to N1.20 per unit versus the preceding week’s N1.33 per unit.
Further, LBIC Plc lost 7.3 per cent to trade at N3.12 per share compared with the N3.38 per share it ended a week earlier, Friesland Campina Wamco Nigeria Plc depreciated by 5.2 per cent to N61.00 per unit from N64.36 per unit, and UBN Property Plc slipped by 3.8 per cent to N2.1 per share from N2.10 per share.
However, CSCS Plc gained 15.5 per cent to finish at N38.00 per unit versus N33.00 unit, Food Concepts Plc advanced by 9.9 per cent to to N3.20 per share from N2.91 per share, and Okitipupa Plc grew by 7.3 per cent to N239.50 per unit from N223.19 per unit.