Acorn Petroleum, FrieslandCampina, Lighthouse Boost NASD Bourse by 0.11%

By Adedapo Adesanya

The trio of Acorn Petroleum Plc, FrieslandCampina Wamco Nigeria Plc, and Lighthouse Financial Services Plc buoyed the NASD Over-the-Counter (OTC) Securities Exchange by 0.11 per cent on Friday, October 16.

FrieslandCampina added N1.89 to close at N151.16 per unit compared with the previous day’s N149.27 per unit, Lighthouse Financial grew by 8 Kobo to N1.36 per share from N1.24 per share, and Acorn Petroleum expanded by 5 Kobo to N1.30 per unit from N1.25 per unit.

However, the price of FirstTrust Mortgage Bank Plc went down by 25 Kobo to N2.21 per share from N2.46 per share.

The domineering effect of the bulls boosted the market capitalisation during the session by N2.9 billion to N2.612 trillion from N2.609 trillion, and the NASD Security Index (NSI) increased by 4.77 points to 4,351.84 points from 4,347.17 points on Thursday.

During the session, the volume of securities surged by 3,330 per cent to 68.6 million units from 2.0 million units, the value of securities skyrocketed 731.5 per cent to N214.6 million from the preceding session’s N25.8 million and the number of deals executed climbed by 14.4 per cent to 24 deals from 10 deals.

Great Nigeria Insurance (GNI) Plc remained the most traded stock by value on a year-to-date basis, with 3.4 billion units sold for N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units valued at N6.5 billion, and Central Securities Clearing System (CSCS) Plc with 81.9 million units exchanged for N6.0 billion.

GNI Plc also closed the day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units traded for N415.7 million.