Seven Stocks Raise NASD Market Capitalisation to N2.606trn

By Adedapo Adesanya

Seven stocks gained weight on Wednesday, November 11, to lift the NASD Over-the-Counter (OTC) Securities Exchange by 0.79 per cent.

This helped to increase investors’ wealth by N20.42 billion, leaving the platform’s market capitalisation at N2.606 trillion compared with the previous day’s N2.585 trillion.

In the same vein, the NASD Security Index (NSI) advanced by 34.00 points to close at 4,341.81 points compared with the 4,307.81 points it ended on Tuesday.

During the session, Resourcery Plc added 11.1 per cent to sell at 40 Kobo per unit versus 36 Kobo per unit, Industrial and General Insurance (IGI) Plc appreciated by 10 per cent to 99 Kobo per share from 90 Kobo per share, Mass Telecom Innovation Plc gained 9.9 per cent to sell at 45 Kobo per unit versus 41 Kobo per unit, and Food Concepts Plc rose by 9.2 per cent to N2.66 per share from N2.42 per share.

Further, FrieslandCampina Wamco Nigeria Plc appreciated by 3.6 per cent to N145.00 per unit from N144.00 per unit, 11 Plc increased by 2.8 per cent to N225.00 per share from N220.00 per share, and Central Securities Clearing System (CSCS) Plc grew by 0.8 per cent to N93.31 per unit from N92.55 per unit.

On the flip side, NASD Plc fell by 10 per cent to N30.56 per share from N33.96 per share, and UBN Property Plc declined by 9.7 per cent to N2.06 per unit from N2.28 per unit.

Yesterday, the volume of securities executed by investors surged by 2,868.4 per cent to 15.1 million units from 508,165 units, the value of securities improved by 79.2 per cent to N62.3 million from N34.8 million, and the number of deals jumped by 43.3 per cent to 43 deals from 30 deals.