NASD Securities Exchange Sustains Bullish Run with 0.49% Gain

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange extended its recent appreciation by 0.49 per cent on Thursday, November 12.

The NASD Security Index (NSI) added 21.26 points to close at 4,363.07 points compared with the 4,341.81 points recorded on Wednesday, while the market capitalisation increased by N12.76 billion to close at N2.618 trillion versus N2.606 trillion recorded in the previous session.

A look at the activity chart showed that the volume of securities executed in the session dropped by 4.6 per cent to 14.4 million units from 15.1 million units.

However, the value of securities transacted rose 18.7 per cent to N73.9 million from the preceding session’s N62.3 million, while the number of deals executed jumped by 11.6 per cent to 48 deals from the 43 deals published in the preceding session.

There were four gainers against five losers on Thursday.

On the gainers’ chart, MRS Oil Plc appreciated by 10 per cent to N127.82 per share from N116.20 per share, Mass Telecom Innovation Plc gained 9.5 per cent to sell at 49 Kobo per unit versus 45 Kobo per unit, FrieslandCampina Wamco Nigeria Plc added 6.1 per cent to close at N153.83 per share compared with the previous day’s N145.00 per share, and UBN Property Plc expanded by 1.9 per cent to N2.10 per unit from N2.06 per unit.

On the flip side, Lighthouse Financial Services Plc slid 8.3 per cent to trade at N1.65 per share versus the preceding day’s N1.80 per share, Afriland Properties Plc depreciated by 8.01 per cent N11.23 per unit from N12.21 per unit, Nipco Plc weakened by 5.3 per cent to N432.28 per share from N456.48 per share, Industrial and General Insurance (IGI) Plc shrank by 3.7 per cent to 95 Kobo per unit from 99 Kobo per unit, and 11 Plc fell by 2.2 per cent to N220.01 per share from N225.00 per share.