By Adedapo Adesanya
The NASD Over-the-Counter (OTC) rebounded on Tuesday by 1.22 per cent following gains reported by FrieslandCampina WAMCO Plc and Nigerian Exchange (NGX) Group Plc.
The upward movement in the prices of the duo surmounted the 10.8 per cent or 13 kobo loss posted by Afriland Plc, which closed at N1.20 per share compared to N1.33 per share it traded at the last trading session.
Yesterday, Friesland gained 6.1 per cent or N7.42 to close at N122.52 per unit versus the previous N115.10 per unit, while NGX Group appreciated by 2.3 per cent or 38 kobo to sell at N16.50 per share in contrast to the preceding day’s N16.12 per share.
At the close of transactions, the NASD Unlisted Security Index (NSI) increased by 8.79 points to wrap the session at 744.34 points from 735.55 points, while the market capitalisation expanded by N7.81 billion to N646.96 billion from N639.15 billion it closed on Monday.
Business Post reports that investors traded 734,207 units of securities on Tuesday, 85.6 per cent higher than the 395,603 units of securities traded at the preceding session.
Likewise, the value of the shares traded yesterday rose by 211.6 per cent to N23.3 million from N7.5 million, while the number of deals carried out jumped by 15 per cent to 23 deals from 20 deals.
Like in the previous sessions, the most stock by volume (year-to-date) at the unlisted securities market remained Geo Fluids Plc as it has traded 1.0 billion units of its shares for N700.1 million. NGX Group Plc occupied the second spot for transacting 414.7 million units valued at N8.6 billion, while the third place was taken by Food Concepts Plc for exchanging 295 million units worth N386 million.
However, the most active stock by value (year-to-date) as at Tuesday was NGX Group Plc for trading 413.8 million units of securities for N8.3 billion, followed by VFD Group Plc with 6.6 million units of its securities worth N2.2 billion, and Friesland with 8.2 million units worth N1.0 billion.
