NASD Securities Exchange Extends Rally by 0.42%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange extended its rally by 0.42 per cent on Thursday, June 15, after the share price of Central Securities Clearing System (CSCS) Plc closed higher, overshadowing the loss reported by FrieslandCampina WAMCO Nigeria Plc.

CSCS Plc appreciated by N1.39 during the trading session to settle at N15.70 per unit compared with the preceding day’s N14.31 per unit, while FrieslandCampina Wamco Plc lost N1.38 to close at N70.00 per share versus Wednesday’s closing price of N71.38 per share.

At the close of trades, the market capitalisation of the NASD securities exchange grew by N4.26 billion to finish at N1.026 trillion, in contrast to the midweek session’s N1.022 trillion, as the NASD Unlisted Securities Index (NSI) improved by 3.08 points to end the day at 741.95 points as against 738.87 points it recorded at the previous session.

Despite the gains reported by the bourse, the volume of securities traded during the session went down by 86.4 per cent to 770,273 units from the 5.7 million units achieved a day earlier.

Equally, the value of shares traded at the market yesterday reduced by 91.4 per cent to N2.99 million from N34.9 million, as the number of deals carried out by investors deprecated by 11.8 per cent due to the 30 deals executed compared with the 34 deals completed in the preceding session.

At the close of business, Geo-Fluids Plc remained the most traded stock by volume (year-to-date) with a turnover of 838.5 million units worth N1.3 billion, followed by Industrial and General Insurance (IGI) Plc with 630.1 units valued at N49.6 million, while UBN Property Plc was in third place with 395.9 million units valued at N336.6 million.

VFD Group Plc also finished the trading day as the most traded stock by value (year-to-date) with the sale of 11.1 million units worth N2.5 billion, followed by Geo-Fluids Plc with 838.5 million units valued at N1.3 billion, while FrieslandCampina Wamco Nigeria Plc was in third place with 17.9 million units valued at N1.3 billion.