Nigeria’s Unlisted Securities Gain 0.71% in One Week

August 19, 2018
NASD OTC market

By Dipo Olowookere

Companies trading their unlisted securities on the floor of the NASD OTC Exchange recorded a growth of 0.71 percent last week.

At the close of transactions on Friday, the Unlisted Securities Index closed at 692.47 points in contrast to 687.60 points it finished the previous Friday.

Also, the total market capitalization appreciated closing higher at N468.62 billion compared with N465.31 billion it ended a week earlier.

Business Post reports that the price gainers’ chart for the week was led by NIPCO Plc and Friesland Campina Wamco Nigeria Plc.

While NIPCO finished at N74 from N73, Friesland Campina Wamco Nigeria Plc rose to N149.10k from N141.18k.

On the flip side, Geo-Fluid Plc finished at 40 kobo against 53 kobo it traded earlier, while Central Securities Clearing System Plc ended at N10.19k compared with N10.85k, and Niger Delta Exploration & Production Plc closed at N160 versus N165 it was exchanged earlier.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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