NASD USI Appreciates by 3.2% as CSCS Tops Gainers’ Chart

By Dipo Olowookere

Trading activities at the NASD OTC Market this week finished on a positive note with the benchmark index appreciating by 3.2 percent week-on-week.

Business Post reports that the NASD USI increased by 3.2 percent to close at 714.44 points from 692.52 points last Friday.

Consequently, total market capitalization gained 3 percent this week, closing higher at N484.15 billion compared with N468.52 billion last Friday.

During the week, Central Securities Clearing System (CSCS) Plc recorded the highest percentage of price gain.

At the close of business transactions, the stock grew by 22.30 percent this week to settle at N13 in contrast to N10.63k in the last session.

Friesland Campina Wamco Nigeria Plc came second after increasing by 2.97 percent to close at N169.90k against N165 it ended last.