NASD Index Drops 32.28 Points, Market Sheds N19.38bn in One Week

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange decreased by 0.75 per cent in the 45th trading week of 2026, with the Unlisted Securities Index down by 32.28 points to 4,249.79 points from 4,282.07 points the previous week (Week 44), and the market capitalisation down by N19.38 billion to N2.550 trillion from N2.570 trillion.

In the five-day trading week, the most traded stock by value was Infrastructure Credit Guarantee (InfraCredit) Plc at N3.28 billion. Central Securities Clearing System (CSCS) Plc recorded N82.1 million, FrieslandCampina Wamco Nigeria Plc printed N30.9 million, IPWA Plc posted N12.0 million, and NASD Plc 2026 Rights Issue achieved N11.68 million.

By volume, InfraCredit Plc led with 1.2 million units, followed by NASD Plc 2026 Rights Issue with 23.3 million units, Industrial and General Insurance (IGI) Plc posted 1.098 million units, IPWA Plc quoted 1.0 million units, and CSCS Plc transacted 877,53 units.

The week’s trading data showed that total volume of trades surged by 11,687.5 per cent to 1.23 billion units from the previous week’s 10.41 million units, as total value rose by 3,080.0 per cent to N3.39 billion from N106.5 million, while the number of deals contracted by 6.83 per cent to 150 deals from 161 deals in the previous week.

There were nine price gainers against six price decliners last week, led by FirstTrust Mortgage Bank Plc, which lost 9.9 per cent to close at N2.19 per share versus N2.43 per share. 11 Plc weakened by 9.3 per cent to N220.20 per unit from N242.65 per unit, FrieslandCampina Wamco Nigeria Plc slipped by 3.8 per cent to N127.29 per share from N132.38 per share, Food Concepts Plc depreciated by 1.5 per cent to N2.00 per unit from N2.03 per unit, CSCS Plc fell by 1.2 per cent to N94.90 per share from N96.00 per share, and Okitipupa Plc decreased by 1.1 per cent to N266.00 per unit from N269.00 per unit.

But IGI Plc gained 31.6 per cent to close at 75 Kobo per share versus 57 Kobo per share, UBN Property Plc improved by 11.1 per cent to N2.20 per unit from N1.98 per unit, Lighthouse Financial Services Plc grew by 10.1 per cent to N1.64 per share from N1.49 per share, MRS Oil Plc chalked up 10.0 per cent to sell at N116.20 per unit versus N105.64 per unit, and Mass Telecom Innovation Plc climbed by 8.8 per cent to 37 Kobo per share from 34 Kobo per share.

Further, Acorn Petroleum Plc grew by 1.6 per cent to N1.30 per unit from N1.28 per unit, Afriland Properties Plc expanded by 0.2 per cent to N12.53 per share from N12.51 per share, IPWA Plc rose by 0.1 per cent to N12.00 per unit from N11.99 per unit, and Nipco Plc soared by 0.01 per cent to N415.00 per share from N414.99 per share.