Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.04 per cent rise on Tuesday, February 14, as the market capitalisation appreciated during the session by N340 million to N928.23 billion from the N927.89 billion it closed in the preceding session.
Equally, the NASD Unlisted Securities Index (NSI) of the alternative stock market rose by 0.26 points to wrap the session at 706.41 points compared with 706.15 points recorded in the previous session.
The rise happened following the appreciation witnessed in the price of Geo-Fluids Plc by 8 Kobo to settle at N1.10 per unit, in contrast to the previous day’s N1.02 per unit.
In the midst of the positive outcome, the unlisted securities bourse also reported a rise in the level of transactions as the trading volume, value, and the number of deals closed higher.
The volume of transacted stocks climbed by 2.3 per cent to 102.4 million units from the 100.1 million units traded in the preceding session, the value of shares traded by investors went up by 8.8 per cent to N94.1 million from N86.5 million, and the number of deals executed during the session grew by 22.2 per cent to 11 deals from the nine deals completed on Monday.
Business Post reports that there was no other price mover during the trading session.
At the close of business, Geo-Fluids finished the day as the most traded stock by volume on a year-to-date basis with 333.9 million units worth N331.0 million, UBN Property Plc stood in second place with 228.0 million units valued at N191.0 million, while NASD Plc was in third place with 3.0 million units valued at N36.6 million.
Similarly, Geo-Fluids Plc maintained its apex position as the most active stock by value on a year-to-date basis with 333.9 million units sold for N331.0 million, UBN Property Plc claimed the second spot for trading 228.0 million units for N191.0 million, and FrieslandCampina WAMCO Group Plc came next with 2.5 million units valued at N165.5 million.
