Access Bank Plc joins NASD at market price of N9.95

AND ELSE WHERE ON THE NASD OTC Securities Exchange, the index closed the week with a positive movement of price on the NSI whose return increased by 0.19 percent to close the week at 724.49 points against 723.12 last week as the market capitalization of listed equities increased by N355.49 billion in value following the listing of Access Bank’s 35.54 billion shares on the exchange at a market price of N9.95, which drove the total market capitalization to close at N952.62 billion compared to N597.13 billion the previous week.

During the week, there was a 96.28 percent decrease in the total value traded as NASD Investors traded a total of N48.23 million in value compared to N1.3 billion in the previous week while the total volume traded during the week was 7.35 million units compared to 2.25 billion units in the previous week leading to a 99.67 percent decrease.

The top gainers in the week were Central Securities Clearing System Plc which closed the week at N180 representing a 1.70 percent increase from the previous close of N177 and FrieslandCampina Wamco Nigeria Plc, which closed the week at N125 representing a 0.40 percent increase from the previous close of N124.50.

On the other hand, the top losers were NASD Plc, which closed the week at N12 representing a 13.30 percent decrease from the previous close of N13.84, and Afriland Properties Plc closed the week at N1.09 representing a 3.54 percent decrease from the previous close of N1.13.