By Dipo Olowookere
The NASD OTC Market ended the week with an increase in market metrics, finishing 1.2 percent higher at the close of transactions.
Specifically, the NASD USI went up by 8.63 points to settle at 699.13 points in contrast to its previous week-close of 690.50 points.
Furthermore, the total market capitalization appreciated by N5.84 billion to finish at N473.12 billion compared with N467.28 billion the previous week.
The gainers’ chart was topped by Industrial & General Insurance (IGI) Plc as its shares rose by 328.6 percent to close at 30 kobo per share against its previous close of 7 kobo per share.
In addition, UBN Property Company Plc increased by 11.11 percent to end at N2 per share versus N1.80k per share, while Central Securities Clearing System (CSCS) Plc went up by 10.34 percent to finish at N12.80k per share compared with N11.60k per share it closed earlier.
On the flip side, the losers’ log was led by Niger Delta Exploration & Production Plc, which depreciated by 14.43 percent to settle at N149 per share in contrast to N174.13k it previously ended.
