NASD Exchange Rises 0.96% as Market Cap Hits N2.189trn

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.96 per cent on Thursday, November 6, as the market capitalisation added N20.72 billion in value to close at N2.189 trillion from the N2.168 trillion, and the NASD Unlisted Security Index (NSI) increased by 35.13 points to 3,658.56 points from 3,623.43 points.

During the session, Okitipupa Plc led the gainers with a N21.45 growth to end at N237.00 per share compared with the previous day’s N215.55 per share, NASD Plc improved its value by N4.88 to sell at N53.68 per unit versus N48.80 per unit, and Food Concepts Plc recorded a 32 Kobo gain to finish at N3.53 per share compared with the N3.21 per unit it closed at midweek.

On the flip side, Air Liquide Plc lost N1.01 to quote at N9.10 per share compared with the N10.11 per share it ended on Wednesday and Geo-Fluids Plc dropped 15 Kobo to settle at N4.20 per unit versus N4.35 per unit.

Yesterday, the volume of securities traded fell by 57.9 per cent to 221,284 units from the 526,165 units recorded a day earlier, but the value of securities went up by 24.9 per cent to N11.9 million from N9.6 million, and the number of deals soared by 4.8 per cent to 22 deals from 21 deals.

At the close of trades, Infrastructure Credit Guarantee Company (InfraCredit) Plc was the most traded stock by value with a year-to-date sale of 5.8 billion units valued at N16.4 billion, followed by Okitipupa Plc with 170.3 million units transacted for N8.0 billion, and Air Liquide Plc with 507.4 million units worth N4.2 billion.

InfraCredit Plc was also the most traded stock by volume on a year-to-date basis with 5.8 billion units worth N16.4 billion, trailed by Industrial and General Insurance (IGI) Plc with the sale of 1.2 billion units for N419.7 million, and Impresit Bakolori Plc with 536.9 million units traded for N524.9 million.