Unlisted Securities Index Sheds 1.48%

By Dipo Olowookere

Trading activities on the floor of the NASD OTC market finished bearish last week.

At the close of transactions, the Unlisted Securities Index (USI) went down to 1.48 percent.

Specifically, the index depreciated to 675.43 points at the end of the week from 685.62 points recorded at the end of the previous week.

Also, the total market capitalization shed 1.48 percent to reduce to N457.08 billion from N463.96 billion in the previous Friday.

The losers’ chart was topped by Central Securities Clearing System (CSCS), which lost 11.66 percent to close at N10. 60k against its previous close of N12.

It was followed by Friesland Campina Wamco Nigeria, which depreciated by 0.64 percent to settle at N155 compared with N156 it traded in the past session.

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. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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