Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange remained in positive territory on Friday after it closed higher by 0.42 per cent as a result of the improvement in the stock price of Central Securities Clearing System (CSCS) Plc.
According to data obtained by this newspaper, the market capitalisation of the bourse increased during the session by N4.8 billion to settle at N1.140 trillion as against the N1.135 trillion it finished in the previous trading day.
In the same vein, the NASD Unlisted Security Index (NSI) went up yesterday by 3.54 points to close at 841.20 points, in contrast to the previous day’s 837.66 points.
CSCS Plc was the only price gainer at the NASD OTC exchange on Friday, rising by 96 Kobo to quote at N21.00 per unit compared with Thursday’s closing price of N20.04 per unit.
As for the activity chart, it was mixed as the volume of securities traded at the bourse by investors went up by 2,701 per cent to 1.5 million units from the 54,800 units transacted by market participants on Thursday.
However, the value of transactions went down by 80.5 per cent to N7.02 million from the N36.0 million posted a day earlier, and the number of deals decreased by 30.8 per cent to nine deals from the 13 deals recorded in the preceding trading session.
CSCS Plc ended the trading session as the most traded stock by volume (year-to-date) with 1.2 billion units sold for N22.3 billion, UBN Property Plc occupied the second spot with 1.1 billion units valued at N1.1 billion, and Geo-Fluids Plc maintained the third place with 701.9 million units worth N1.3 million.
Similarly, CSCS Plc closed the trading session as the most traded stock by value (year-to-date) with 1.2 billion units valued at N22.3 billion, the second position was retained by VFD Group with 26.6 million units worth N5.9 billion, and Aradel Plc occupied the third spot with 7.7 million units valued at N3.1 billion.
