Unlisted Securities Index Gains 1% in One Week

By Modupe Gbadeyanka

The NASD OTC Market ended this week with an increase in market metrics, with the main index closing in the green zone.

During the week, the NASD USI appreciated by one percent, closing at 698.78 points as against 692.47 points last Friday.

Consequently, total market capitalisation appreciated closing higher at N470.17 billion compared with N468.62 billion last Friday.

Business Post reports that during the three-day trading week, Central Securities Clearing System (CSCS) Plc gained 12.86 percent to close at N11.50k against N10.18k it previously traded.

Leading the losers chart was Afriland Properties Plc, which went down by 3.85 percent to finish at N2.50k versus N10.85k it exchanged last Friday.

Following it was Friesland Campina Wamco Nigeria, which lost 3.33 percent to settle at N144.13k compared with N149.10k it transacted last Friday.

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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