By Adedapo Adesanya
The unlisted securities trading at the NASD Over-the-Counter (OTC) Securities Exchange opened the week in an upbeat mood on Monday, March 13 as it appreciated by 0.32 per cent.
The appreciation in two stocks, Central Securities Clearing Systems (CSCS) Plc and Geo-Fluids Plc, increased the market capitalisation of the bourse by N3.07 billion to N958.90 billion from N955.83 billion.
In the same vein, the NASD Unlisted Securities Index (NSI) went up by 2.33 points to wrap the session at 729.75 points compared with 727.42 points in the previous session.
At the market yesterday, Central Securities Clearing Systems (CSCS) Plc appreciated by 58 Kobo to settle at N14.51 per unit, in contrast to the previous session’s N13.93 per unit, and Geo-Fluids Plc improved by 4 Kobo to close at N1.36 per share compared with last Friday’s value of N1.32 per share.
During the session, there was a surge in the volume of securities traded by 2.9 per cent to 10.6 million units from the 10.3 million units reported in the preceding trading session.
Also, the value of shares traded during the session went up by 171.9 per cent to N37.3 million from the N13.7 million posted in the last session.
These transactions were carried out in 15 deals, 7.1 per cent higher than the 14 deals executed last Friday.
Geo-Fluids Plc remained the most traded stock by volume on a year-to-date basis with 425.2 million units valued at N448.5 million, UBN Property Plc stood in second place with 360.3 units worth N304.8 million, while VFD Group Plc was in third place with 7.2 million units valued at N1.7 billion.
Similarly, VFD Group Plc ended the trading session as the most traded stock by value on a year-to-date basis with 7.2 million units worth N1.7 billion, Geo-Fluids Plc followed with 425.2 million units worth N448.5 million, while UBN Property Plc was in third place with 360.3 million units valued at N304.8 million.
Modupe Gbadeyanka