Five Companies Expand NASD Exchange by 0.27%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.27 per cent appreciation on the back of positive price movement from five admitted securities.

The five companies which spurred the growth were Afriland Plc, FrieslandCampina WAMCO Nigeria Plc, Food Concepts Plc, Nigerian Exchange (NGX) Group and VFD Group Plc.

VFD Group Plc was the day’s highest gainer as it appreciated by N8.50 or 2.4 per cent to sell at N361.82 per unit compared with the previous N353.31 per unit.

On its part, Friesland gained 63 kobo or 0.5 per cent to trade at N120.63 per unit in contrast to N120.00 per unit of the previous session. Afriland Plc improved by 10 kobo or 7.4 per cent to settle at N1.35 per unit in contrast to N1.25 per unit it ended on Wednesday.

Furthermore, NGX Group appreciated by 5 kobo or 0.3 per cent to quote at N17.51 per share compared with the previous day’s N17.46 per share, while Food Concepts went up by 4 kobo or 4.76 per cent to close at 84 kobo per share versus 80 kobo it traded a day earlier.

These five stocks boosted the market capitalisation of the NASD Exchange by N1.81 billion to N663.63 billion from N661.82 billion and expanded the NASD Unlisted Security Index (NSI) by 2.07 points to 763.51 points from 761.44 points recorded at the previous session.

During the session, there was a 461.9 per cent increase in the volume of securities traded by investors to 12.4 million units from the previous day’s 2.2 million units just as the value of securities transacted skyrocketed by 2,333.1 per cent to N935.4 million from N38.4 million, with the number of deals rising by 112.5 per cent to 51 deals from 24 deals.

Geo Fluids Plc was the most traded stock by volume (year-to-date) with 1.0 billion units worth N700.1 million. NGX Group followed with 332.7 million units valued at N7.2 billion, while Swap Technologies & Telecomms Plc was in third place with 46.6 million units worth N41.0 million.

But the most traded stock by value (year-to-date) was NGX Group with 332.7 million units valued at N7.2 billion, followed by VFD Group Plc with 3.4 million units worth N977.2 million, with Niger Delta Exploration and Production (NDEP) Plc in third for selling 3.1 million units valued at N970.8 million.