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NASD USI Appreciates by 1% in One Week

By Dipo Olowookere

Market metrics of the NASD OTC Market finished positive this week as the major indices appreciated, Business Post is reporting.

At the close of transactions yesterday, the NASD USI increased by one percent, closing at 692.52 points against 668.31 points last Friday.

Consequently, total market capitalization also gained one percent this week, closing higher at N468.7 billion compared with N465.8 billion last Friday.

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During the week, Central Securities Clearing System (CSCS) Plc recorded the highest volume of trades, selling 1.8 million units representing 95.03 percent of the total volume of transactions at the market.

CSCS Plc also recorded the highest value of transactions at the market, selling N20.7 million worth of securities during the week, representing 65.58 percent of the total value achieved by the market.

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Consequently, CSCS emerged the highest gainer, appreciating by 5.37 percent to close at N10.63k in contrast to N10.06k in the last session.

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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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