NASD OTC Rises 1.18% as Index Jumps to 3,032.92 Points

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange rose by 1.18 per cent, with the Unlisted Security Index (USI) crossing the 3,000 mark after it went up by 35.24 points on Tuesday, November 26 to 3,032.92 points from the 2,997.68 points recorded in the previous session.

At the close of transactions yesterday, the market capitalisation increased by N12.36 billion to settle at N1.063 trillion, in contrast to Monday’s closing value of N1.050 trillion.

During the session, FrieslandCampina Wamco Nigeria Plc gained N3.31 to sell at N43.90 per share versus the N40.59 per share it traded a day earlier, and 11 Plc appreciated by N16.75 to end the session at N230.00 per unit versus the preceding closing rate of N213.25 per unit.

On the flip side, Afriland Properties Plc slipped by 11 Kobo to sell at N15.81 per share, in contrast to the N15.92 per share it was transacted a day earlier.

There was a slump in the volume of securities traded in the session by 80.2 per cent to 327,425 units from the 1.7 million units traded in the preceding session, but there was a rise in the value of transactions by 141.9 per cent to N15.7 million from the N6.5 million traded on Monday, and the number of deals decreased by 55.0 per cent to nine deals from the 20 deals carried out a day earlier.

At the close of business, Geo-Fluids Plc remained the most traded stock by volume (year-to-date) with 1.7 billion units sold for N3.9 billion, followed by Okitipupa Plc with the sale of 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with 297.3 million units worth N5.3 million.

Similarly, Aradel Holdings Plc maintained its position as the most active stock by value (year-to-date) with a turnover of 108.7 million units worth N89.2 billion, trailed by Okitipupa Plc with 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with 297.3 million units sold for N5.3 billion.