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NASD OTC Market Index Appreciates by 2.83% in One Week

By Dipo Olowookere

Data harvested from the NASD OTC Market showed that the platform ended the week with an increase in market metrics.

Specifically, the NASD Unlisted Securities Index (USI) appreciated by 2.83 percent week-on-week, closing at 712.76 points against 693.14 points last Friday.

Also, the total market capitalisation went up by 2.83 percent, closing at N482.35 billion compared with N469.07 billion last Friday.

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The highest loser at the market during the week was Friesland Campina Wamco Nigeria Plc, which lost 9.56 percent of its share value to close at N141 per share against N154.48k per share in the previous week.

This was followed by Central Securities Clearing System Plc, which went down by 1.23 percent to settle at N13 per share in contrast to N13.16k per share last Friday.

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Also, Niger Delta Exploration and Production Plc depreciated by 1.14 percent to finish at N150 per share compared with N151.71k it traded earlier.

In terms of volume traded, CSCS Plc contributed 68.48 percent to the total turnover, while Wamco contributed the highest value of 49.8 percent.

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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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