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NASD USI, Market Capitalisation Garner 1.34%

By Dipo Olowookere

The NASD OTC Market extended its week-on-week momentum, as the NASD USI advanced by 1.34 percent, closing at 664.76 points as against 655.96 points last Friday.

Consequently, the total market capitalisation increased by 1.34 percent this week, closing higher at N449.86 billion compared with N443.90 billion last Friday.

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During the week, Afriland Properties topped the gainers’ chart after appreciating by 6.64 percent to close at N3.05k against N2.86k in the previous trading session.

Central Securities Clearing System (CSCS) followed after improving by N10.50k compared with N8.89k, while Niger Delta Exploration & Production ended at N146.8k in contrast to N132.80k in the last session.

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On the flip side, FrieslandCampina WAMCO Nigeria topped the losers’ table after closing at N150.12k against N160 in the previous trading day.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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