Five Stocks Lift NASD OTC Bourse by 2.11% in Week 42

By Adedapo Adesanya

Five stocks triggered a 2.11 per cent gain at the NASD Over-the-Counter (OTC) Securities Exchange in Week 42, which had five trading sessions.

This increased the NASD’s market capitalisation by N20 billion to N1.130 trillion from the N1.110 trillion it ended in the previous week (Week 41), as the Unlisted Security Index (NSI) moved up by 17.22 points to 833.63 points from 816.41 points in the previous week.

In the five-day trading week, the market breadth was positive as there were five appreciating securities and two depreciating stocks led by UBN Property Plc, which lost 8.3 per cent to close at N1.33 per unit versus N1.45 per unit and 11 Plc, which fell by 4.2 per cent to end at N130 per unit compared with the preceding week’s N135.63 per unit.

Conversely, FrieslandCampina Wamco Plc topped the gainers’ chart after it added 16.9 per cent to close at N84.15 per share versus the previous week’s N72.00 per share, Newrest Asl Plc gained 10 per cent to finish at N12.10 per share versus N11.00 per share, Geo-Fluids Plc rose by 8.4 per cent to settle at N2.97 per unit versus N2.74 per share, NASD Plc made a 6.4 per cent gain to settle at N11.60 per unit versus N10.90 per unit, and Central Securities Clearing System (CSCS) Plc appreciated by 0.3 per cent to N20.00 per unit from N19.94 per unit.

According to the trading data, the total volume of stocks traded jumped by 247.3 per cent to 23.6 million units from 6.8 million in the preceding week, while the value of shares dropped 6.7 per cent to N334.5 million from N358.5 million, with the number of deals down by 27.1 per cent to 70 deals from 96 deals.

In terms of the volume of trades in Week 42, Geo-Fluids Plc topped with 17.2 million units, CSCS Plc followed with 2.70 million units, Purple Real Estate posted 1.9 million units, UBN Property Plc recorded 1.0 million units, and Aradel Holdings Plc transacted 0.34 million units.

However, Aradel Holdings Plc was the most traded stock by value with N207.6 million, CSCS Plc traded N53.9 million, Geo-Fluids Plc exchanged N50.9 million, Purple Real Estate Plc transacted N9.9 million, and Nipco Plc traded N6.2 million.