Costain, Nipco Grow NASD OTC Exchange by 0.17%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed in the green territory on Tuesday, November 12 after it appreciated by 0.17 per cent.

The total value of stocks on the trading platform moved up by N990 million at the close of transactions to N1.048 trillion from the N1.047 trillion recorded at the previous session while the NASD Unlisted Security Index (NSI) ended the day at 2,992.62 points, in contrast to Monday’s 2,987.52 points, indicating an increase of 5.10 points.

Costain West Africa Plc appreciated during the trading day by 5 Kobo to close at 55 Kobo per share compared to 50 Kobo per share of the preceding session and Nipco Plc gained N10.65 to wrap the day at N119.00 per unit versus the preceding day’s N108.35 per unit.

On the flip side, Acorn Petroleum Plc lost 9 Kobo to settle at N1.88 per unit versus the previous session’s N1.97 per unit, and Geo-Fluids Plc declined by 2 Kobo to N3.88 per share from the N3.90 it quoted a day earlier.

During the trading day, there was a 2,335.6 per cent jump in the volume of securities traded at the bourse to 4.2 million units from the 172,760 units transacted by market participants at the last session.

Equally, there was a 1,893.5 per cent rise in the value of shares traded yesterday to N17.9 million from the N901,905 posted in the preceding day.

In the same vein, the number of deals carried out by traders increased by 200 per cent to 21 deals from the seven deals executed in the previous trading day.

Geo-Fluids Plc remained the most active stock by volume (year-to-date) with 1.6 billion units sold for N3.9 billion, trailed by Okitipupa Plc with 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with 296.7 million units worth N5.3 million.

Aradel Holdings Plc remained the most active stock by value (year-to-date) with 108.7 million units worth N89.2 billion, followed by Okitipupa Plc with 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with 296.7 million units sold for N5.3 billion.