NASD Index Rises 1.60% as Eight Securities Gain Weight

By Adedapo Adesanya

Eight price gainers triggered a 1.60 per cent appreciation at the NASD Over-the-Counter (OTC) Securities Exchange on Tuesday, November 10.

Leading the advancers’ was Nipco Plc, which chalked up N41.48 to close at N456.48 per share compared with the previous session’s N415.00 per share. FrieslandCampina Wamco Nigeria Plc improved its value by N12.71 to settle at N140.00 per unit versus Monday’s closing price of N127.29 per unit, Food Concepts Plc added 22 Kobo to sell at N2.42 per share, in contrast to the preceding day’s N2.20 per share, and Lighthouse Financial Services Plc grew by 16 Kobo to N1.80 per unit from N1.64 per unit.

In addition, Industrial and General Insurance (IGI) Plc soared by 8 Kobo to 90 Kobo per share from 82 Kobo per share, UBN Property Plc also expanded by 8 Kobo to N2.28 per unit from N2.20 per unit, and Geo-Fluids Plc increased by 5 Kobo to N2.05 per share from N2.00 per share.

At the close of business, the bourse’s market capitalisation surged by N40.70 billion to N2.585 trillion from N2.544 trillion, and the NASD Security Index (NSI) jumped by 67.81 points to 4,307.81 points from 4,240.00 points.

The unlisted securities exchange posted a price loser, and it was Afriland Properties Plc, which depreciated by 2 Kobo to N12.21 per unit from N12.23 per unit.

The volume of securities recorded during the session slumped by 69.7 per cent to 508,165 units from 1.7 million units, but the value of securities rose by 87.2 per cent to N34.8 million from N18.6 million, and the number of deals increased by 11.1 per cent to 30 deals from 27 deals.