By Adedapo Adesanya
After a very long time, the National Association of Securities Dealers (NASD) Over-the-Counter (OTC) Securities Exchange crossed the unprecedented N1 trillion valuation on Wednesday, April 13, 2022.
This was quickened by the listing of Access Bank shares on the trading platform and the continued appetite for the shares of FrieslandCampina WAMCO Nigeria Plc by investors, who do not want to miss out on the dividend the board of the company is proposing to pay.
At the midweek session, shares of the milk manufacturer appreciated by 8.9 per cent or N17.06 for the eighth consecutive session to close at N192.40 per unit compared with the previous day’s N175.34 per unit.
There was also another price gainer yesterday and this was Central Securities Clearing System (CSCS) Plc, which gained N1.44 or 8.4 per cent to close at N17.10 per share versus Tuesday’s value of N15.66 per share.
The increase in the share prices of the two firms increased the market capitalisation of the NASD OTC Securities Exchange on Wednesday by 2.4 per cent or N23.85 billion to N1.02 trillion from N994.80 billion.
It equally increased the NASD unlisted securities index (NSI) of the bourse by 18.15 points from 756.57 points to 774.73 points.
It was observed that a total of 149,619 units of shares exchanged hands during the session, 73.3 per cent lower than the 561,173 units of shares transacted on Tuesday.
Also, the value of stocks transacted by investors decreased by 62.2 per cent to N27.9 million from the previous day’s N73.6 million, while the number of deals declined by 60.4 per cent to 19 deals from 48 deals.
Business Post reports that the most traded stock by volume on a year-to-date basis was still AG Mortgage Plc with a turnover of 2.3 billion units valued at N1.2 billion, CSCS Plc stood in second place with 660.6 million units worth N13.9 billion, while NASD Plc was in third place with 43.3 million units valued at N466.6 million.
The most traded stock by value on a year-to-date basis was still CSCS Plc with 660.6 million units exchanged at N13.9 billion, AG Mortgage Plc was in second place with 2.3 billion units worth N1.2 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 4.5 million units valued at N606.6 million.