CSCS, IGI, Three Others Raise NASD OTC Exchange by 0.8%

January 25, 2024

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange returned to the positive zone after it appreciated by 0.8 per cent on Wednesday, January 24 following the rise in the prices of five stocks.

The NASD Unlisted Security Index (NSI) increased in the midweek session by 8.2 points to wrap the session at 1,027.81 points compared with 1,019.61 points recorded in the previous session, as the bourse gained N1.11 billion, leaving the market capitalisation at N1.393 trillion compared with the previous day’s N1.382 trillion.

During the session, Central Securities Clearing System (CSCS) Plc improved by N1.86 to sell at N20.50 per share versus Tuesday’s closing price of N18.64, Industrial and General Insurance (IGI) Plc appreciated by 2 Kobo to trade at 26 Kobo per unit compared with the preceding day’s 24 Kobo per unit, Acorn Petroleum Plc went up by 6 Kobo to trade at 83 Kobo per share compared with the previous closing price of 77 Kobo per share, Resourcery Plc jumped by 2 Kobo to sell at 43 Kobo per unit versus 41 Kobo per unit, and FrieslandCampina Wamco Nigeria Plc chalked up 97 Kobo to close at N79.97 per share compared with Tuesday’s N79.00 per share.

On the flip side, AG Mortgage Bank went down by 5 Kobo to quote at 47 Kobo per unit versus the preceding day’s 52 Kobo per unit, and Geo Fluids Plc depreciated by 4 Kobo to sell at N2.55 per share, in contrast to Tuesday’s price of N2.59 per share.

Yesterday, there was a 910.8 per cent jump in the volume of securities traded to 5.7 million units from 563,423 units, but the value of transactions shrank by 41.5 per cent to N40.1 million from N68.5 million, and the number of deals increased by 177.8 per cent to 25 deals from nine deals.

IPWA Plc finished as the most traded stock by volume (year-to-date) with 48.9 million units worth N24.4 million, Geo-Fluids was in second place with 30.0 million units valued at N73.5 million, and UBN Property Plc stood in third place with 30.0 million units sold for N52.3 million.

The most traded stock by value (year-to-date) was Aradel Plc with 346,945 units worth N446.6 million, FrieslandCampina Wamco Nigeria Plc was in second place with 2.0 million units valued at N154.2 million, and Geo-Fluids Plc was in third place with 30.0 million units valued at N73.5 million.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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