Adedapo Adesanya
By Adedapo Adesanya
Food Concepts Plc, Acorn Petroleum Plc, and Industrial and General Insurance (IGI) Plc were in the green territory on Thursday, lifting the NASD Over-the-Counter (OTC) Securities Exchange by 0.32 per cent at the close of transactions.
Data obtained from the NASD OTC bourse showed that Food Concepts Plc appreciated by 12 Kobo to settle at N1.27 per share compared with the previous day’s N1.15 per share, Acorn Petroleum Plc improved its stock price by 3 Kobo to trade at 34 Kobo per unit versus Wednesday’s 31 Kobo per unit, and IGI Plc rose by 2 Kobo to finish at 18 Kobo per share, in contrast to the midweek session’s 16 Kobo per share.
The performances of the trio raised the market capitalisation of the alternative stock exchange by N3.53 billion to N1.112 trillion from N1.109 trillion, as the NASD Unlisted Securities Index (NSI) appreciated by 2.51 points to end the day at 793.75 points as against the 791.24 points it recorded at the previous session.
During the trading day, the volume of securities traded at the bourse decreased by 93.8 per cent to 538,870 units from the 8.6 million units traded a day earlier.
Equally, the value of shares traded yesterday went down by 96.1 per cent to N858,215 from N22.1 million, and the number of deals declined by 28.6 per cent to 10 deals from the 14 deals carried out in the preceding trading session.
At the close of business, Central Securities Clearing System (CSCS) Plc closed the day as the most traded stock by volume (year-to-date) for selling 1.1 billion units worth N22.1 billion, UBN Property Plc was in second place with 914.1 million units valued at N906.4 million, and IGI Plc was in third place for trading 645.6 units worth N52.2 million.
Also, CSCS Plc ended the session as the most traded stock by value (year-to-date) after exchanging 1.1 billion units valued at N22.1 billion, VFD Group followed with 26.4 million units worth N5.9 billion, and Aradel Holdings Plc was in third place with 5.7 million units valued at N1.9 billion.
