By Adedapo Adesanya
Last week was fruitful on the floor of the NASD Over-the-Counter (OTC) Securities Exchange last week (Week 15) as investors raked N8.24 billion.
Four stocks were responsible for the gains and they were VFD Group Plc, Afriland Properties Plc, FrieslandCampina WAMCO Plc and Central Securities Clearing System Plc (CSCS).
On the part of VFD Group, its value further improved by 21 per cent to N361.82 per share from N299.02 per share; Afriland Properties Plc appreciated by 3.2 per cent to N1.30 per unit from N1.26 per unit, Friesland gained 2.4 per cent to N130.00 per share from N127.00 per share, while CSCS rose by 0.2 per cent to N16.03 per unit from N16.00 per unit.
The performance of these four equities increased the market capitalisation of the NASD OTC Exchange to N545.50 billion from N537.26 billion it finished at the preceding week and lifted the NASD Security Index (NSI) by 1.53 per cent to 767.43 points from 755.84 points of the previous week.
The market was not without a price loser as Geo Fluids Plc depreciated by 6.7 per cent to settle at 70 kobo compared with the previous 75 kobo.
During the week, there was a 329.4 per cent increase in the total value of securities traded by investors; N281.7 million versus N65.6 million in the previous week.
In the same vein, the total volume of shares transacted skyrocketed by 3402.7 per cent to 12,853,465.00 units from 366,957 units, while the number of deals also increased by 490.9 per cent to 130 deals from 22 deals a week earlier.
The newly admitted Nigerian Exchange (NGX) Group Plc was the most traded securities by volume with 8.9 million units. It was followed by Air Liquide Plc with 1.9 million units, CSCS Plc with 1.2 million units, Afriland Properties Plc with 575,868 and Friesland with 105,780 units.
Also, the NGX Group was the most traded stock by value in week 15 for trading its securities worth N211.8 million. VFD Group Plc followed with N23.7 million, CSCS Plc traded N19.3 million, Friesland recorded N13.8 million, while Air Liquide Plc traded N11.8 million.
On a year-to-date basis, investors have traded 54.6 million units valued at N1.8 billion in 531 deals, while the market has gained 3.5 per cent.
Dipo Olowookere