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    Infracredit Listing Boosts NASD Securities Index

    Julius AlagbeBy Updated:No Comments1 Min Read
    Infracredit Listing Boosts NASD Securities Index

    Infracredit Listing Boosts NASD Securities Index

    NASD over-the-counter (OTC) exchange market capitalisation climbed to N1.9 trillion following Infracredit shares listing on the platform.

    At the NASD OTC exchange, market capitalization increased by 0.32% on the day. Reflecting the addition, the NASD Securities Index rose by 1.70%, closing at 3,287.85 points.

    The expansion in market capitalization was majorly due to the listing of 11.2 million placement shares of INFRACREDT, which were admitted at a price of N2.43 per unit. Following this, the newly listed shares were marked down due to a proposed dividend payment of 9 kobo by the company.

    In addition, activity metrics were also boosted, with volume and value traded settling at 18.1 million stocks worth N192.9 million, respectively, across 20 deals.

    The top gainer in the OTC Exchange was MIXREAL, which increased by 9.90%, while the largest decliner was GEFLUID, which fell by 9.91%. #Infracredit Listing Boosts NASD Securities Index FG, CIMEC Sign $328.8m Contract to Boost Power Supply

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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