Nigeria’s Total Debt Jumps to N72.7trn

By Adedapo Adesanya

Merchants of unlisted shares in Nigeria gained about N12.34 billion on the ground of the NASD Over-the-Counter (OTC) Securities Trade final week, the twenty fifth buying and selling week of 2023.

This was as a result of the choice bourse appreciated by 1.36 per cent on a week-on-week foundation because the demand for shares on the platform elevated, in keeping with information gathered by Enterprise Publish.

Consequently, the market capitalisation of the buying and selling platform elevated to N1.038 trillion from the N1.026 trillion it closed within the previous week, because the NASD Unlisted Securities Index (NSI) went up by 10.08 factors to wrap the week at 750.82 factors in contrast with 740.74 factors recorded on the earlier week.

Within the week, there was a 1,833.8 per cent surge within the complete worth of transactions to N1.5 billion from N80.2 million, the quantity of trades equally jumped by 86.9 per cent to 25.2 million items from 13.5 million items within the earlier week, and the variety of offers decreased by 15.8 per cent to 96 trades from the 114 trades posted per week earlier.

Central Securities Clearing System (CSCS) Plc, FrieslandCampina Wamco Nigeria Plc, UBN Property Plc, and Purple Actual Property have been the worth gainers of the week, whereas Niger Delta Exploration and Manufacturing (NDEP) Plc and Afriland Properties Plc have been the worth losers.

CSCS Plc gained 15.3 per cent to promote at N18.10 per unit in contrast with the sooner week’s worth of N15.70 per unit, FrieslandCampina Wamco Plc appreciated by 1.4 per cent to N70.96 per share from N70.00 per share, UBN Properties Plc improved by 3.3 per cent to 95 Kobo per share from 92 Kobo per share, and Purple Actual Property Plc rose by 0.2 per cent to N5.21 per unit from N5.20 per unit.

On the flip facet, NDEP Plc dropped 0.3 per cent to cite at N250.12 per share versus N250.83 per share, and Afriland Properties Plc depleted by 0.4 per cent to shut at N2.62 per unit versus N2.63 per unit.

On the shut of the week, VFD Group Plc was essentially the most traded inventory by worth with N1.4 billion, NDEP Plc adopted with N125.4 million, FrieslandCampina Wamco Nigeria Plc posted N24.7 million, Purple Actual Property Plc recorded N12.5 million, and UBN Property Plc offered N11.9 million.

UBN Property Plc completed the week as essentially the most traded safety by quantity with 12.5 million items, VFD Group Plc traded 6.1 million items, Purple Actual Property Plc exchanged 2.4 million items, Geo-Fluid Plc transacted 2.00 million items, and CSCS Plc traded 670,000 items.

Within the yr thus far, NASD buyers have traded 1.77 billion items of securities value N7.39 billion in 1,658 offers.

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