By Adedapo Adesanya
The NASD Over-the-Counter (OTC) returned to the bullish zone for the first time in three sessions on Wednesday, recording a 1.27 per cent appreciation as a result of the lifting by Central Securities Clearing Systems (CSCS) Plc.
The Nigerian depository company closed the day as the single price gainer, growing by N1.62 or 8.1 per cent to N20.00 per unit compared with the previous closing price of N18.38 per unit.
This raised the market capitalisation of the NASD OTC Exchange by N7.93 billion to wrap the session at N630.15 billion compared with N622.22 billion of the preceding session.
In the same vein, the NASD Unlisted Securities Index (NSI) appreciated yesterday by 9.36 points to wrap the session at 744.17 points compared with 734.81 points recorded at the previous session.
However, on stock, NASD Plc, depreciated on Wednesday by 38 kobo or 2.1 per cent to settle at N18.32 per unit compared to N18.70 per unit it closed on Tuesday.
At the market yesterday, investors exchanged 3.1 million units of securities, 2,696.8 per cent higher than the 110,286 units of securities traded at the preceding session.
Also, the value of shares traded at the midweek session increased by 88.4 per cent to N47.3 million from the previous day’s N25.1 million, while the number of deals carried out increased by 160 per cent to 13 deals in contrast to the five deals executed a day earlier.
CSCS Plc ended the session as the most active stock by volume (year-to-date) with 653.7 million sold for N13.7 billion. NASD Plc followed with 1.9 million units valued at N34.2 million, while Food Concepts Plc occupied the third spot with 1.0 million units worth N810,000.
CSCS Plc was also the most active stock by value (year-to-date) with the sale of 653.7 million units worth N13.7 billion, followed by VFD Group Plc with 916,161 units worth N331.5 million, and Niger Delta Exploration and Production (NDEP) Plc with 156,769 units traded for N36.9 million.
