By Adedapo Adesanya
On Monday, the NASD Over-the-Counter (OTC) Securities Exchange closed higher by 0.54 per cent on the back of renewed confidence of investors in the space.
This increased the value of the Nigerian OTC securities exchange by N5.02 billion at the close of transactions to N933.98 billion from the N928.96 billion it quoted at the previous session, which was last Friday.
Similarly, the NASD Unlisted Securities Index (NSI) appreciated by 3.82 points to end the day at 710.79 points as against the 706.97 points it recorded in the preceding trading session.
It was observed that the market breadth was flat during the session, as there were two price gainers and two price losers.
FrieslandCampina Wamco Plc added N2.40 to its value to sell at N67.40 per unit compared with the previous session’s N65.00 per cent, and Central Securities Clearing Systems (CSCS) Plc gained 20 Kobo to trade at N13.20 per unit against N13.00 per unit it previously traded.
On the flip side, NASD Plc dropped 44 Kobo to sell at N14.35 per share, in contrast to last Friday’s closing price of N14.79 per share, and UBN Property Plc lost 8 Kobo to close at 70 Kobo per share versus 78 Kobo per share.
Business Post reports that the volume of securities traded at the bourse by investors went down by 25.1 per cent to 15.9 million units from 21.3 million units.
However, the value of shares traded yesterday appreciated by 33.9 per cent to N27.1 million from N20.2 million, as the number of deals increased by 54.6 per cent to 17 deals from 11 deals.
Geo Fluids Plc remained the most traded stock by volume on a year-to-date basis with the sale of 40.9 million units worth N32.3 million, UBN Property Plc was second with 24.7 million units valued at N17.6 million, and NASD Plc displaced FrieslandCampina in third place after transacting 944,112 units valued at N13.6 million.
The most traded stock by value (year-to-date) was VFD Group Plc with 422,074 units worth N103.0 million, FrieslandCampina was in second place with 833,772 units worth N54.9 million, while Geo Fluids Plc was in third place with 40.9 million units valued at N32.3 million.
Modupe Gbadeyanka