NASD Exchange Gains 0.88% as CSCS, FrieslandCampina Lead Advancers

By Adedapo Adesanya

Four price gainers extended kept the NASD Over-the-Counter (OTC) Securities Exchange in the green territory by 0.88 per cent on Wednesday, April 22.

The advancers were led by Central Securities Clearing System (CSCS) Plc, which went up by N3.33 to close at N66.48 per share compared with the preceding day’s N63.15 per share. FrieslandCampina Wamco Plc added N1.79 to sell at N99.00 per unit versus N97.21 per unit, Afriland Properties Plc appreciated by 16 Kobo to N16.00 per share from N15.84 per share, and UBN Property Plc rose by 7 Kobo to N2.25 per unit from N2.18 per unit.

Consequently, the market capitalisation chalked up N12.99 billion to close at N2.375 trillion compared with Tuesday’s N2.354 trillion, and the NASD Unlisted Security Index (NSI) increased by 34.69 points to 3,969.96 points from 3,935.27 points.

At midweek, the value of securities traded by investors surged by 11,468.9 per cent to N21.5 million from N5.7 million, the volume of securities ballooned by 708.1 per cent to 49.5 million units from 185,420 units, and the number of deals soared by 21.7 per cent to 28 deals from 23 deals.

At the close of business, Great Nigeria Insurance (GNI) Plc was the most traded stock by value on a year-to-date basis with 3.4 billion units sold for N8.4 billion, trailed by CSCS Plc with 58.9 million units exchanged for N3.9 billion, and Okitipupa Plc with 27.8 million units traded for N1.9 billion.

GNI Plc also ended the trading session as the most traded stock by volume on a year-to-date basis with 3.4 billion units worth N8.4 billion, followed by Resourcery Plc with 1.1 billion units transacted for N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units valued at N1.2 billion.