By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange appreciated by 1.21 per cent on Wednesday, May 24 following positive price movements from FrieslandCampina WAMCO Nigeria Plc and Central Securities Clearing System (CSCS) Plc.
Friesland gained N5.00 during the session to settle at N70.00 per unit compared with the preceding session’s N65.00 per unit, and CSCS jumped by 44 Kobo to sell at N14.00 per share, in contrast to Tuesday’s value of N13.56 per share.
The appreciation in the prices of these stocks led the bourse to return to the N1 trillion mark as it gained N11.97 billion to finish at N1.001 trillion from the N988.50 billion it closed in the preceding session.
Following the same trend, the session ended with the market index, NASD Unlisted Securities Index (NSI), increasing by 8.65 points to wrap the session at 723.26 points compared with 714.61 points recorded at the previous session.
There was a surge in the volume of securities traded at the bourse during the midweek session as investors exchanged 324,782 units of shares, 137.8 per cent higher than the 136,573 units of securities traded a day earlier.
Also, the value of shares traded yesterday went higher by 9.8 per cent to N10.9 million from N9.9 million, as the number of deals rose by 82.4 per cent to 31 deals from the 17 deals carried out by the market participants in the preceding session.
Geo-Fluids Plc remained the most traded stock by volume (year-to-date) with 831.9 million units valued at N1.3 billion, Industrial and General Insurance (IGI) Plc stood in second place with 627.7 units worth N49.4 million, while UBN Property Plc was in third place with 390.9 million units valued at N332.0 million.
The most traded stock by value (year-to-date) remained VFD Group Plc, which has sold 10.6 million units worth N2.4 billion, followed by Geo-Fluids Plc with 831.9 million units valued at N1.3 billion, and FrieslandCampina Wamco Nigeria Plc with 12.4 million units valued at N874.3 million.
Aduragbemi Omiyale