NASD Market Index Inches Up By 1.61%

The NASD market index inched up by 1.61% to close at 762.28 basis points as against the 0.95% loss recorded to close at 750.18 basis points on Wednesday.

The feat came on the back of gains recorded by the duo of Niger Delta Exploration and Production (NDEP) Plc and FrieslandCampina WAMCO Nigeria Plc.

Milk-producing giant, Friesland Plc, added N8.00 or 9.41 per cent to trade at N93.00 per unit versus N85.00 per unit, while the oil and gas investment company, NDEP Plc, grew by N1.67 or 0.88 per cent to close at N192.00 per unit in contrast to the previous day’s N190.33 per unit.

The duo boosted the value of the unlisted stock market by N15.93 billion during the session to settle at N1.003 trillion compared with Wednesday’s N987.55 billion.

Also, the NASD Unlisted Securities Index (NSI) moved up by 12.1 points to close the day at 762.28 points against the preceding day’s 750.18 points.

However, the trading volume slumped yesterday by 80.9 per cent as a total of 24,212 units of securities exchanged hands compared with 126,000 units of securities transacted in the previous session.

In the sale vein, the trading value slid by 75.8 per cent to N3.2 million from N13.3 million, while the number of deals went down by 25 per cent to six deals from the preceding session’s eight deals.

AG Mortgage Plc finished the trading session as the most traded stock by volume (year-to-date) with the sale of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc trailed with 686.6 million units valued at N14.2 billion, while Food Concepts Plc was in third place with 147.8 million units valued at N128.4 million.

Similarly, CSCS Plc was the most traded stock by value (year-to-date) with 686.6 million units worth N14.2 billion, VFD Group Plc followed with 24.5 million units valued at N6.6 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 14.1 million units worth N1.7 billion.