Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange jumped by 0.99 per cent on Monday, triggered by positive price movements from Aradel Holdings Plc and Central Securities Clearing System (CSCS) Plc.
Aradel gained N45.19 to sell at N497.08 per share compared with the previous session’s N451.89 per share, as CSCS Plc improved its value by 23 Kobo to quote at N17.42 per unit, in contrast to last Friday’s value of N17.19 per unit.
The gains reported by the duo lifted the market capitalisation of the NASD OTC bourse by N10.96 billion to N1.120 trillion from the N1.110 trillion it closed in the preceding session.
In the same vein, the NASD Unlisted Securities Index (NSI) increased yesterday by 7.82 points to wrap the session at 799.04 points compared with 791.22 points recorded at the previous session.
At the market on Monday, the volume of securities traded at the bourse depreciated by 86.9 per cent to 348,407 units from the 2.7 million units reported last Friday, while the value of transactions rose by 16.3 per cent during the trading day to N11.6 million from the N9.9 million achieved in the previous trading session, and the number of deals increased by 23.5 per cent to 21 deals from the 17 deals posted in the previous session.
CSCS Plc remained the most traded stock by volume on a year-to-date basis with the sale of 1.1 billion units valued at N22.1 billion, followed by UBN Property Plc with a turnover of 924.1 million units worth N917.4 million, and Industrial and General Insurance (IGI) Plc stood in third place with 646.1 units worth N52.3 million.
Also, CSCS Plc was the most traded stock by value on a year-to-date basis with the sale of 1.1 billion units valued at N22.1 billion, trailed by VFD Group with 26.5 million units worth N5.9 billion, and Aradel Holdings Plc was in third place with 5.7 million units valued at N1.9 billion.
