CSCS Spurs NASD OTC Bourse to 0.48% Appreciation

February 20, 2024

By Adedapo Adesanya

An appreciation in the stock price of the Central Securities Clearing System (CSCS) Plc lifted the NASD Over-the-Counter (OTC) Securities Exchange by 0.48 per cent on Monday, February 19.

This added N7.5 billion to the market capitalisation of the bourse at the close of transactions, growing to N1.568 trillion from the N1.56 trillion it closed in the preceding trading session.

Similarly, it increased the NASD Unlisted Security Index (NSI) by 5.53 points to end the day at 1,156.79 points as against 1,151.26 points it recorded at the previous session.

The sole gainer, CSCS Plc, recorded a N1.50 appreciation to sell at N20.00 per share compared with the N18.50 per share it finished in the previous session.

During the session, the volume of securities traded by investors surged by 803.2 per cent to 550,862 units from 22,421 units, while the value of transactions went down by 13.6 per cent to N21.8 million from N25.2 million, and the number of deals decreased by 31.3 per cent to 11 deals from the 16 deals carried out in the preceding trading session.

When the market closed for the day, Mixta Real Estate Plc remained as the most traded stock by volume on a year-to-date basis with 69.9 million units valued at N114.5 million, IPWA Plc was in second place with 48.9 million units worth N24.4 million, and Geo-Fluids Plc stood in third place with 40.4 million units valued at N99.4 million.

Aradel Holdings Plc was the most traded stock by value on a year-to-date basis with 1.0 million units sold for N1.9 billion, FrieslandCampina Wamco Nigeria Plc followed with 3.1 million units valued at N239.1 million, and Mixta Real Estate Plc was in third place with 69.9 million units sold for N114.5 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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