By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed the opening session of the new week in positive territory as it rose by 0.15 per cent on Monday, January 29.
The unlisted securities market was elevated yesterday through the support provided by the duo of Food Concepts Plc and Afriland Property Plc, overpowering the attempts by Central Securities Clearing System (CSCS) Plc and FrieslandCampina WAMCO Nigeria Plc to pull down the market.
At the close of transactions, the NASD market capitalisation increased by N2.11 billion to N1.390 trillion from the N1.388 trillion achieved last Friday, while the NASD Unlisted Security Index (NSI) appreciated by 1.56 points to end the day at 1,025.64 points as against the 1,024.08 points recorded in the previous session.
Food Concepts Plc gained 18 Kobo during the session to sell at N2.02 per share versus the previous session’s N1.84 per share, and Afriland Properties Plc grew by 16 Kobo to close at N3.96 per unit compared to the last closing price of N3.80 per unit.
On the flip side, CSCS Plc depreciated by 45 Kobo to trade at N19.55 per share, in contrast to the preceding day’s N20.00 per share, and FrieslandCampina Wamco lost 32 Kobo to close at N78.10 per unit versus last Friday’s N78.42 per unit.
Investors exchanged 4.3 million units of shares at the NASD yesterday, 744 per cent higher than the 505,353 units of shares transacted by market participants in the previous session.
Equally, there was a northward movement in the value of shares traded at the bourse by 411.9 per cent to N16.0 million from N3.1 million, while the number of deals decreased by 43.5 per cent to 13 deals from the 23 deals carried out in the previous trading session.
IPWA Plc was the most traded stock by volume (year-to-date) with 48.9 million units valued at N24.4 million, UBN Property Plc was in second place with 34.0 million units sold for N59.4 million, and Geo-Fluids was in third place with 30.1 million units worth N73.6 million.
Aradel Plc ended the day as the most traded stock by value (year-to-date) with 351,635 units sold for N455.2 million, FrieslandCampina occupied the second spot with 2.2 million units valued at N170.2 million, and Geo-Fluids Plc was in third place with 30.1 million units worth N73.6 million.
