NASD Unlisted Securities Index Closes Bearish by 0.39%

By Dipo Olowookere

It was a sluggish ending this week on the trading floor of the National Association of Securities Dealers (NASD) OTC Plc.

This was because the market for the unlisted securities finished the week on Friday in the negative territory.

Specifically, the benchmark index, the Unlisted Securities Index (USI), finished 0.39 percent lower at the close of transactions yesterday.

The NASD USI lost 2.50 points to close at 666.24 points as against the 668.83 points it ended last Friday.

Also, the total market capitalization depreciated by N1.76 billion to settle at N450.86 billion compared with N452.62 billion last Friday.

Central Securities Clearing System (CSCS) Plc emerged the highest price gainer, closing at N12.50k per share against N10.50k it previously ended.

However, FrieslandCampina WAMCO Nigeria Plc topped the loser’s chart to close at N136 per share against its previous close of N150 per share.

It was followed by Niger Delta Exploration & Production Plc, which finished at N150.50k per share against N170 per share it traded in the last session.

Nipco Plc closed at N68.40k per share this week against N73.50k per share in the previous session, while Acorn Petroluem Plc finished at 17 kobo per share in contrast to 19 kobo per share it previously traded.