NASD Bourse Closes Last Trading Session of Week Bullish by 0.32%

October 21, 2023
Alternative Bourse NASD Securities

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange stretched its winning streak to five out of five after it rose by 0.32 per cent on Friday, October 20.

This increased the market capitalisation of the NASD bourse by N3.60 billion to close at N1.130 trillion from the N1.126 trillion quoted at the previous trading session, as the NASD Unlisted Security Index (NSI) added 2.66 points to end the day at 833.63 points as against the 830.97 points it recorded on Thursday.

Business Post reports that it was a hard-fought battle between the bulls and the bears, but at the close of transactions, the former had a field day after FrieslandCampina Wamco rose by N7.65 to trade at N84.15 per share versus the earlier day’s N76.50 per share.

Newrest Asl Nigeria Plc gained N1.10 during the session to settle at N12.10 per unit compared to Thursday’s closing price of N11.00 per unit, and NASD Plc recorded a 60 Kobo appreciation to sell at N11.60 per share versus the N11.00 per share from the previous session.

On the flip side, Aradel Holdings Plc lost N42.85 to close the day at N600.00 per share compared with N642.85 per share, Nipco Plc declined by N6.50 to finish at N80.00 per unit versus the previous session’s N86.50 per unit, and  11 Plc fell by N5.00 to end at N130.00 per share, in contrast to the earlier day’s N135.00 per share.

At the market yesterday, the volume of securities transacted by investors went down by 95.5 per cent to 257,770 units from 5.7 million units, the value of shares shrank by 63.1 per cent to N27.0 million from N73.2 million, while the number of deals increased by 10 per cent to 11 deals from 10 deals.

Central Securities Clearing System (CSCS) Plc remained the most traded stock by volume (year-to-date) with 1.2 billion units valued at N22.3 billion, UBN Property Plc was in second place with 952.8 million units worth N950.8 million, and Geo-Fluids Plc stood in third place with 686.6 units valued at N1.3 billion.

Also, CSCS Plc was the most traded stock by value (year-to-date) with 1.2 billion units sold for N22.3 billion, followed by VFD Group with 26.6 million units worth N5.9 billion, and Aradel Holdings Plc with 7.2 million units valued at N2.7 billion.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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