By Adedapo Adesanya
The bulls made a return to the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Thursday, November 25, causing investors to gain 0.6 per cent at the close of business.
This growth witnessed at the OTC stock market yesterday was triggered by one of the market bellwethers, Central Securities Clearing Systems (CSCS) Plc, which saw its stock price appreciate by 95 kobo or 5.7 per cent.
Business Post reports that the share price of the Nigerian depository company closed on Thursday at N17.50 per unit as against N16.55 per unit it was sold on Wednesday.
At the end of the day’s trading, the NASD Unlisted Security Index (NSI) increased by 4.45 points to close at 744.90 points in contrast to the preceding day’s 740.45 points.
In the same vein, the bourse’s market capitalisation closed higher by N3.68 billion to settle at N615.42 billion compared with N611.74 billion it finished a day earlier.
During the session, a total of 371,600 shares were transacted by investors as against the 310,000 shares transacted on Wednesday, indicating a 19.9 per cent rise.
Also, the value of the stocks increased by 22.0 per cent to N6.5 million from the preceding session’s N5.3 million, while the number of deals remained unchanged at 4 deals.
Further analysis of the activity chart indicated that Food Concepts Plc remained as the most traded stock by volume on a year-to-day basis with a turnover of 11.4 billion units of its shares worth N14.4 billion. Lighthouse Financial Services Plc retained the second spot with 1.1 billion units worth N546.32 million, while Geo Fluids Plc, which claimed the third place, has traded 1.0 billion units worth N700.1 million.
Also, the most traded stock by value on a year-to-date basis was Food Concepts Plc with the sale of 11.4 billion units worth N14.4 billion. It was followed by Nigerian Exchange (NGX) Group Plc with 456.5 million units valued at N9.2 billion, and VFD Group Plc with 10.4 million units valued at N3.5 billion.
Dipo Olowookere