NASD USI Sheds 1.6% as Market Cap Drops to N408b

By Modupe Gbadeyanka

Activities on the trading floor of the NASD platform closed for the week on a bearish note on Friday as the major market indicators pointed south.

Specifically, the NASD Unlisted Securities Index (USI) depreciated week-on-week by 1.6 percent to 603.34 points, as against 613.43 points last Friday.

Also, the market capitalisation decreased by N6.82 billion to settle at N408.30 billion in contrast to N415.12 billion it closed last Friday.

According to data from the NASD, out of the 34 securities admitted to trade on its OTC Market platform, Friesland Campina Wamco Nigeria Plc both led the market by volume and value charts.

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Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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