CSCS, CitiTrust Spur NASD OTC Securities to 0.59% Growth
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange ended in the bullish territory following a 0.57 per cent gain on Tuesday, June 21.
The market capitalisation, following the appreciation of two securities, improved by N5.7 billion to close at N1.011 trillion compared with the previous day’s N1.006 trillion, while the NASD Unlisted Securities Index (NSI) added 4.33 points to end the day at 768.74 points as against 764.41 points it recorded in the previous session.
The positive outcome was inspired by the gains recorded by the duo of Central Securities Clearing System (CSCS) Plc and CitiTrust Holdings Plc.
CSCS Plc appreciated by N1.02 to sell at N15.46 per share compared to N14.44 per share of the previous session while CitiTrust Holdings grew by 60 kobo to close at N6.85 per unit in contrast to the preceding day’s N6.25 per unit.
During the session, the volume of securities traded by investors declined by 73.5 per cent to 333,175 units from 1.9 million units, the value of securities went down by 98.6 per cent to N4.2 million from the N293.9 million achieved a day earlier, while the number of deals increased by 11.1 per cent as the transactions were executed in 10 trades compared with the 9 trades carried out on the first day of the week.
AG Mortgage Bank Plc closed the session as the most traded stock by volume (year-to-date) with 2.3 billion units of its shares worth N1.2 billion, CSCS Plc was in second place with 673.6 million units worth N14.1 billion, while Food Concepts Plc held the third position with 146.0 million units worth N126.7 million.
Also, CSCS Plc was the most traded stock by value (year-to-date) with a turnover of 673.6 million units valued at N14.1 billion, VFD Group came in second place with 10.9 million units valued at N3.2 billion, while FrieslandCampina WAMCO Nigeria Plc has transacted 9.6 million units valued at N1.2 billion to occupy the third position.