Impresit Bakolori, Okitipupa Expand NASD Index by 0.15%

By Adedapo Adesanya

The duo of Impresit Bakolori Plc and Okitipupa Plc raised the NASD Over-the-Counter (OTC) Securities Exchange by 0.15 per cent on Monday, January 27.

Data showed that Impresit Bakalori Plc increased its value by 10 Kobo during the session to N1.05 per unit from the 95 Kobo per unit it ended last Friday, and Okitipupa Plc appreciated by N5.27 to end the session at N57.96 per share versus N52.69 per share.

As a result, the market capitalisation of the platform went up by N2.64 billion to close at N1.777 trillion compared with the preceding session’s N1.775 trillion and the NASD Unlisted Security Index (NSI) gained 4.67 points to wrap the session at 3,137.87 points compared with 3,133.20 points recorded in the previous session.

Yesterday, there was a rise in the volume of securities traded by investors by 504.4 per cent as they transacted 98.8 million units of stocks compared with the 16.3 million units of securities transacted in the previous trading day.

Equally, there was a surge in the value of shares traded during the trading day by 973.3 per cent to N109.8 million from the N10.2 million recorded in the preceding session.

Further, there was a marginal increase in the number of deals completed at the bourse on Monday by 4.4 per cent to 24 deals from the 23 deals executed last Friday.

When the market closed for the session, Impresit Bakolori Plc was the most active stock by value (year-to-date) with 406.5 million units worth N386.1 million, followed by FrieslandCampina Wamco Nigeria Plc with 4.3 million units valued at N170.4 million, and Geo-Fluids Plc was in third with 9.1 million units sold for N44.3 million.

Impresit Bakolori Plc was also the most active stock by volume (year-to-date) with 406.5 million units worth N386.1 million, as the second spot was taken by Industrial and General Insurance (IGI) Plc after trading 26.3 million units for N6.3 million, and Geo-Fluids Plc came next with 9.2 million units valued at N44.3 million.