CSCS, IGI Lift OTC Securities Exchange By 0.17%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed the midweek session in the positive territory as it rose by 0.17 per cent at the close of business after the share prices of Central Securities Clearing System (CSCS) Plc and Industrial and General Insurance (IGI) Plc appreciated to offset the loss posted by Geo-Fluids Plc.

This situation left the NASD market capitalisation closing higher by N1.93 billion to N1.109 trillion to Tuesday’s closing value of N1.107 trillion, as the Unlisted Securities Index (NSI) appreciated by 1.38 points to end the day at 791.24 points as against 789.86 points it recorded at the previous session.

CSCS Plc gained 40 Kobo during the trading day to end at N17.90 per unit versus the previous day’s N17.50 per unit, and IGI Plc appreciated by 1 Kobo to close at 16 Kobo per unit, in contrast to Tuesday’s price of 15 Kobo per unit.

However, Geo-Fluids Plc went down by 5 Kobo to sell at N2.85 per share compared with the preceding day’s N2.90 per share.

Yesterday, the volume of securities bought and sold by traders depreciated by 98.3 per cent to 8.6 million units from the 495.9 million units traded in the previous session, the value of shares traded went down by 95.9 per cent to N22.1 million from N545.6 million, while the number of deals increased by 75 per cent to 14 deals from eight deals.

At the close of transactions, CSCS Plc finished as the most traded stock by volume (year-to-date) with 1.1 billion units valued at N22.1 billion, UBN Property Plc was in second place with 914.1 million units worth N906.4 million, and IGI Plc has traded 645.6 units valued at N52.2 million.

Also, CSCS Plc ended the session as the most traded stock by value (year-to-date) with 1.1 billion units worth N22.1 billion, trailed by VFD Group with 26.4 million units valued at N5.9 billion, and Aradel Holdings Plc with 5.7 million units worth N1.9 billion.