Six Equities Return NASD OTC Exchange to Green Zone

By Adedapo Adesanya

Six price gainers spurred the NASD Over-the-Counter (OTC) Securities Exchange back into the green territory by 0.44 per cent on Thursday, March 6.

Okitipupa Plc continued its upward movement as it further grew by N11.99 to close at N271.59 per unit compared with the preceding day’s N259.60 per unit, Newrest ASL Plc appreciated by N3.14 to trade at N34.52 per share versus N31.38 per share, and NASD Plc gained N1.87 to sell for N20.63 per unit, in contrast to Wednesday’s N18.76 per unit.

Further, Afriland Properties Plc rose by 31 Kobo to N22.90 per share from N22.69 per share, Central Securities Clearing System (CSCS) Plc expanded by 11 Kobo to sell at N23.50 per unit compared to N23.39 per unit, and UBN Property Plc improved by 10 Kobo to N1.85 per share from N1.75 per share.

On the flip side, FrieslandCampina Wamco Nigeria Plc shed 97 Kobo to sell for N37.05 per unit compared with midweek’s N38.02 per unit, and First Trust Microfinance Bank Plc dropped 5 Kobo to close the day at 47 Kobo per share, in contrast to the preceding session’s 52 Kobo per share.

When the bourse ended for the day, the market capitalisation was up by N8.28 billion to N1.899 trillion from N1.891 trillion and the NASD Unlisted Security Index (NSI) grew by 14.62 points to 3,352.94 points from 3,338.32 points.

The volume of securities transacted by investors during the session jumped by 3,307.5 per cent to 2.2 million units from the 65,936 units transacted a day earlier, the value of securities grew by 34,597.5 per cent to N79.4 million from N228,962, and the number of deals jumped by 236.36 per cent to 37 deals from the 11 deals recorded on Wednesday.

Impresit Bakolori Plc remained the most active stock by volume at the bourse since the start of the trading year with 533.9 million units worth N520.9 million, followed by Industrial and General Insurance (IGI) Plc with 69.7 million units worth N23.6 million, and Afriland Properties Plc with 17.2 million units sold for N352.7 million.

Also, Impresit Bakolori Plc was the most active stock by value on a year-to-date basis with a turnover of 533.9 million units worth N520.9 million, trailed by FrieslandCampina Wamco Nigeria Plc with 11.5 million units valued at N448.9 million, and Afriland Properties Plc with 17.2 million units sold for N352.7 million