NASD Exchange Rallies 0.49% as Four Securities Close Higher

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange pulled yet another 0.49 per cent appreciation on Friday, November 13, with the market capitalisation adding N12.78 billion to settle at N2.631 trillion compared with the previous day’s N2.618 trillion, and the NASD Security Index (NSI) up by 21.3 points to 4,384.37 points from 4,363.07 points.

Friday’s trading data showed that the volume of securities dropped 97.2 per cent to 397,370 units from 14.4 million units at the previous session, the value of securities slid 71.6 per cent to N20.9 million from N73.9 million, and the number of deals declined by 25 per cent to 36 deals from 48 deals.

During the trading session, four securities closed higher, while two securities closed lower, led by Food Concepts Plc, which fell by 9.8 per cent to N2.40 per share from N2.66 per share, and Central Securities Clearing System (CSCS) Plc, which lost 0.5 per cent to close at N92.87 per unit versus the previous price of N93.31 per unit.

Conversely, Resourcery Plc grew by 10 per cent to 44 Kobo per share from 40 Kobo per share, FrieslandCampina Wamco Nigeria Plc expanded by 6.6 per cent to N164.00 per unit from N153.83 per unit, 11 Plc rose 2.3 per cent to N225.00 per share from N220.01 per share, and Industrial and General Insurance (IGI) Plc increased by 0.7 per cent to 96 Kobo per unit from 95 Kobo per unit.