NASD Index up by 4.16% as NDEP Gains 21% to top Gainers’ Chart

By Modupe Gbadeyanka

The NASD OTC Market ended this week on a positive note with an increase in market metrics, Business Post is reporting.

At the close of transactions today, the NASD USI appreciated by 4.16 percent, closing at 690.50 points against 662.89 points last Friday.

Consequently, the total market capitalisation gained 4.16 percent this week, closing higher at N467.28 billion compared with N448.60 billion last Friday.

It was a sweet week for shares of Niger Delta Exploration and Production Plc as they went up by 20.99 percent to settle at N174.13k per share against N143.91k the previous week.

However, it was not a good story for Central Securities Clearing System (CSCS) Plc as its shares went down by 9.58 percent to finish at N11.60k per share compared with N12.83k in the previous session.

Friesland Campina Wamco Nigeria Plc depreciated by 1.40 percent this week to close at N140 per share against N142 per share it ended last week.

Furthermore, Mixta Nigeria Plc decreased by 1.34 percent to end at N2.20k per share in contrast to N2.23k per share it finished earlier, while Vital Products Plc declined by 10 percent to settle at N2.33k per share against N2.59k per share it previously closed.