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
