NASD Unlisted Securities Index Appreciates by 1.72%

July 9, 2018
NASD OTC market

By Modupe Gbadeyanka

Transactions at the National Association of Securities Dealers (NASD) Over-The-Counter (OTC) Market finished on a positive note last week.

Specifically, the Unlisted Securities Index (USI) appreciated by 1.13 percent at the close of business on Friday.

Business Post reports that the NASD USI, which ended at 651.69 points penultimate Friday, closed last Friday at 662.89 points.

In addition, the total market capitalization improved by 1.72 percent, closing higher at N448.60 billion compared with N441.02 billion it settled the previous Friday.

An analysis of the price movement chart showed that Central Securities Clearing System (CSCS) Plc topped the gainers’ table after closing at N12.83k per share against N11 per share it previously ended.

Friesland Campina Wamco Nigeria Plc finished last Friday at N142 per share in contrast to N141 per share it finished in the previous session.

On the flip side, Afriland Properties Plc emerged the heaviest price loser, closing at N2.60k per share against N2.80k per share it settled earlier.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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