Four Price Gainers Raise NASD Unlisted Security Index by 0.12%

By Adedapo Adesanya

It was a positive outcome for the NASD Over-the-Counter (OTC) Securities Exchange on Friday as it extended its stay in the green territory with a 0.12 per cent gain.

This increased the NASD Unlisted Security Index (NSI) by 0.98 points to end the day at 845.13 points compared with the previous day’s 844.15 points as the market capitalisation rose by N1.6 billion to close at N1.145 trillion compared with Thursday’s value of N1.144 trillion.

Four stocks were responsible for the growth achieved by the unlisted securities market on the last trading day of the week, compressing the loss recorded by one of the firms admitted on the trading platform, Food Concept Plc, the parent company of the popular Chicken Republic fast food chain, which fell by 2 Kobo to close at N1.50 per share versus N1.52 per share.

Newrest Asl Plc appreciated by N1.33 to settle at N14.64 per unit versus N13.31 per unit, NASD Plc appreciated by N1.20 to close at N13.30 per share versus N12.10 per share, UBN Property Plc recorded a 6 Kobo gain to quote at N1.55 per unit versus N1.33 per unit and Acorn Petroleum Plc rose by 5 Kobo to settle at 57 Kobo per share compared with the preceding day’s 52 Kobo per share.

During the trading session, investors transacted 2.7 million units of securities valued at N6.8 million in 18 deals, as Central Securities Clearing System (CSCS) Plc closed as the most traded stock by volume on a year-to-date basis with 1.2 billion units worth N22.3 billion. UBN Property Plc was in second place with 1.1 billion units valued at N1.1 billion, and Geo-Fluids Plc stood in third place with 704.2 units worth N1.3 billion.

Similarly, CSCS Plc ended the trading session as the most traded stock by value on a year-to-date basis with 1.2 billion units worth N22.3 billion, VFD Group retained the second spot with 26.5 million units valued at N5.9 billion, and Aradel Holdings Plc was in third place with 7.7 million units worth N3.1 billion.