Economy
Unlisted Securities Gain 1.96% to Raise Investors’ Wealth by N49.25bn
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange improved by 1.96 per cent on Thursday, November 5, on the back of the gains recorded by four securities on the platform.
This raised the market capitalisation of the bourse by N49.25 billion to N2.564 trillion from N2.515 trillion. The NASD Security Index (NSI) also advanced by 82.04 points to close at 4,273.18 points compared with the 4,191.14 points it ended on Wednesday.
The price gainers were led by Okitipupa Plc, which rose 23.9 per cent to N266.00 per share from N242.10 per share. Central Securities Clearing System (CSCS) Plc increased by N5.58 to N98.00 per unit from N92.42 per unit, FrieslandCampina Wamco Nigeria Plc added N5.29 to close at N127.29 per share versus the previous day’s N122.00 per share, and Mass Telecom Innovation Plc gained 2 Kobo to close at 34 Kobo per unit versus 32 Kobo per unit.
On the flip side, Industrial and General Insurance (IGI) Plc went down by 7 Kobo to 68 Kobo per share from 75 Kobo per share.
During the session, the volume of securities bought and sold by investors surged by 122.7 per cent to 1.1 million units from 517,920 units, but the value of securities fell 79.9 per cent to N10.6 million from the preceding session’s N52.8 million, and the number of deals executed slumped by 19.4 per cent to 25 deals from 31 deals.
At the close of business, Great Nigeria Insurance (GNI) Plc remained the most traded stock by value on a year-to-date basis, with 3.4 billion units sold for N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units valued at N6.5 billion, and CSCS Plc with 81.9 million units exchanged for N6.0 billion.
GNI Plc also closed the day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units traded for N415.7 million.
