The market capitalisation of the NASD Over-the-Counter Securities Exchange rose to N1.90 tn at the close of trading on Friday, May 30, 2025, marking a notable increase from N1.87 tn recorded the previous week.
This upward movement in value came as the NASD Securities Index gained 1.86 per cent week-on-week to close at 3,248.00 points, up from 3,188.76 points in the preceding week. The index’s performance reflects renewed investor confidence in unlisted securities on the alternative exchange platform.
According to the NASD’s weekly market summary, a total of 551.01 million shares valued at N5.14bn were traded across 133 deals during the week under review. This represents a substantial surge compared to the 43.83 million shares worth N237.04m exchanged in 100 deals in the previous week.
The oil and gas sector dominated the activity chart, accounting for 81.37% of the total volume traded. It recorded 506.19 million shares valued at N4.18bn in 21 deals. The consumer goods sector followed with 15.77 million shares worth N638.94m, executed across 48 deals.
Top-performing securities for the week included Air Liquide Plc and FrieslandCampina Wamco Nigeria Plc, which together contributed 96.68 per cent of the total volume traded, amounting to 506.16 million shares valued at N4.46bn, across five deals.
On the gainers’ list, FrieslandCampina Wamco Nigeria Plc emerged as the top performer, rising by 25.59 per cent from N43.93 to N55.17. Other notable gainers included Afriland Properties Plc, Food Concepts Plc, and Geo-Fluids Plc.
Conversely, 11 Plc led the laggards with a N10.13 decline to close at N231.20, followed by Firsttrust Mortgage Bank Plc and Nipco Plc, which dipped by 4.20 per cent and 0.04 per cent, respectively.
