Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange appreciated by 1.47 per cent on Thursday, December 28 following positive price movements from FrieslandCampina WAMCO Nigeria Plc and Central Securities Clearing System (CSCS) Plc.
FrieslandCampina, during the session, gained N5.00 to trade at N80.00 per share compared with the previous day’s N75.00 per share and CSCS grew by N1.80 to sell at N19.84 per unit, in contrast to the preceding session’s N18.04 per unit.
The appreciation in the prices of these stocks increased the value of the unlisted securities market by N18.27 billion to N1.257 trillion from N1.238 trillion and the NASD Unlisted Security Index (NSI) went up by 13.48 points to wrap the session at 927.47 points compared with 913.99 points recorded at the previous session.
Despite the growth, the alternative stock market recorded two price losers, with NASD Plc declining by 22 Kobo to sell at N12.98 per share compared with the previous day’s value of N13.20 per share and Geo-Fluids Plc lost 9 Kobo to close at N2.55 per unit, in contrast to Wednesday’s value of N2.64 per unit.
At the market on Thursday, there was a 1,264.5 per cent rise in the volume of securities traded by investors to 5.5 million units from 401,525 units, the value of shares traded went up by 48.7 per cent to N20.1 million from N15.5 million, and the number of deals appreciated by 100 per cent to 18 deals from the nine deals recorded in the previous trading day.
At the close of business, UBN Property Plc was the most traded stock by volume (year-to-date) with 1.7 billion units worth N2.2 billion, CSCS Plc was in second place with 1.2 billion units valued at N22.4 billion and Geo-Fluids Plc stood in third place with 839.1 units sold for N1.7 billion.
Also, CSCS Plc was the most traded stock by value (year-to-date) with 1.2 billion units worth N22.4 billion, VFD Group retained second spot with 26.6 million units sold for N5.9 billion, and Aradel Holdings Plc was in third place with 7.8 million units valued at N3.2 billion.
