By Adedapo Adesanya
Into the new week, the NASD Over-the-Counter (OTC) Securities Exchange remained in the positive territory on Monday, February 27 following a marginal 0.03 per cent rise.
As result, the NASD Unlisted Securities Index (NSI) grew by 0.23 points to wrap the session at 715.38 points compared with 711.15 points in the previous session.
In the same vein, the market capitalisation increased its value by N300 million to finish at N940.02 billion, in contrast to last Friday’s N939.72 billion.
During the session, there was a surge in the volume of securities traded at the bourse as investors exchanged 5.1 million units, in contrast to the 147,234 units quoted in the last session, indicating an increase of 3,330 per cent.
But the value of shares traded at the session dropped by 50.3 per cent to N6.2 million from N12.4 million, as the number of deals transacted during the session went down by 57.1 per cent to three deals from the seven deals executed in the preceding trading day.
This happened as investors remained cautious following the elections that happened over the weekend with votes still being announced to know who the country’s next president will be.
The day’s single price mover was Geo-Fluids which gained 7 Kobo to rise to N1.20 per unit from the previous session’s value of N1.13 per unit.
The company remained the most traded stock by volume on a year-to-date basis with 344.8 million units valued at N343.7 million, UBN Property Plc stood in second place with 294.0 units worth N247.8 million, while VFD Group Plc was in third place with 7.1 million units valued at N1.6 billion.
VFD Group Plc, on the other hand, was the most traded stock by value on a year-to-date basis with 7.1 million units worth N1.6 billion, Geo-Fluids Plc followed with 344.8 million units worth N343.7 million, and UBN Property Plc was in third place with 294.0 million units valued at N247.8 million.
Modupe Gbadeyanka