Oil
NASD index dips as energy firms record share price losses
The NASD Over-the-Counter Securities Exchange recorded a downturn following share depreciations among major energy and industrial equities.
Key points
- The NASD Security Index fell by 1.41 per cent on Monday, October 12.
- Market capitalisation decreased to N2.576 trillion.
- Nipco and MRS Oil registered notable share price declines.
What happened
Trading on the NASD Over-the-Counter Securities Exchange finished in a negative territory on Monday, October 12, according to Business Post reporting. The NASD Security Index dropped by 62.21 points to settle at 4,293.39 points, sliding from the previous session's 4,355.60 points.
Total market capitalisation experienced a contraction during the trading period, falling by N36.98 billion to reach N2.576 trillion compared to N2.613 trillion at the close of the prior week.
Market movers
Five equities drove the downward trend. Nipco Plc led the losers, dropping significantly in value, while MRS Oil Nigeria Plc also recorded a sharp decline per unit. Additional losses were registered by FrieslandCampina Wamco Nigeria Plc, Central Securities Clearing System Plc, and Food Concepts Plc.
Conversely, the session recorded two advancing stocks. Industrial and General Insurance Plc and Impresit Bakolori Plc both posted marginal gains. Trading activity metrics showed an increase, with the volume of securities rising substantially, alongside growth in total transaction value and the number of executed deals.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
85.9% of Nigeria’s merchandise exports were fuels in 2025Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
