CSCS emerges biggest loser on NASD as USI declines 2.6% w-o-w
Adesola Afolabi was a businessamlive reporter and Head of Financial desk.
The Central Securities Clearing System (CSCS) emerged the biggest loser on the NASD OTC market for the week ended 10th August 2018.
The CSCS which closed 9.25 percent lower at N10.89 per share against N12 recorded a week ago and Friesland Campina Wamco that shed 5.88 percent to settle at N141.2 propelled decrease in the NASD overall market metrics.
The NASD USI consequently decreased by 2.6 percent, closing at 687.60 points (as against 705.75 points previous Friday), as total market capitalization closed lower at N465.31 billion compared to N477.60 billion recorded previous week.
Niger delta exploration and production emerged the week’s sole gainer with a 10 percent increase in share price that closed Friday at N165.