NASD OTC Market Finishes 3.6% Lower

By Dipo Olowookere

Trading activities on the floor of the NASD OTC Market turned bearish with the market closing 3.6 percent lower week-on-week.

Business Post reports that the NASD USI closed last Friday at 685.61 points as against 711.44 points it finished the previous last Friday.

Also, the total market capitalization went down by N20.19 billion to settle at N463.96 billion compared with N484.15 billion it ended in the last session.

A look at the price movement chart showed that Friesland Campina Wamco Nigeria Plc emerged the biggest lower, shedding 8.16 percent to finish at N156 in contrast to N169.90 it closed earlier.

It was followed by Central Securities Clearing System (CSCS) Plc, which depreciated by 7.69 percent to close at N12 against N13 in the previous session.