Unlisted Securities Index Sheds 2.6% in 5 Days

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By Dipo Olowookere

Activities at the NASD OTC Market ended the week with a decrease in market metrics like in the previous week.

Business Post reports that the NASD Unlisted Securities Index (USI) decreased by 2.6 percent on Friday, closing at 687.60 points as against 705.75 points last Friday.

Consequently, total market capitalization declined by N12.29 billion to close lower at N465.31 billion compared with N477.60 billion last Friday.

An analysis of the price movement chart showed that the week’s highest price losers were Central Securities Clearing System (CSCS) Plc, which went down by 9.25 percent to finish at N10.89k per share against N12 per share it previously closed, and Friesland Campina Wamco Plc, which suffered 5.88 percent loss to end at N141.18k per share versus N150 per share it closed in the last session.

However, the biggest price riser was Niger Delta Exploration & Production Plc, which increased by 10 percent to settle at N165 per share against 150 per share it was sold the last time.

The most traded securities were SDFCWAMCO, which sold 546 units; SDNDEP, which traded 507 units; SDACORN, which exchanged 500 units; SDCSCSPLC, which transacted 381 units and SDAFRILAND, which sold 2 units.

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