Adedapo Adesanya
By Adedapo Adesanya
A 0.76 per cent growth was recorded by the NASD Over-the-Counter (OTC) Securities Exchange on Monday, reversing the loss reported in the preceding trading session.
This improvement was buoyed by the rise in the share prices of FrieslandCampina Wamco Plc, Food Concepts Plc, and Industrial and General Insurance (IGI) Plc.
FrieslandCampina Wamco Plc appreciated during the session by N2.69 to close at N76.20 per unit versus last Friday’s N73.51 per unit, Food Concepts Plc improved by 9 Kobo to quote at N1.05 per unit compared with 96 Kobo per unit, and IGI Plc boosted its value by 1 Kobo to 12 Kobo per share from 11 Kobo per share.
As a result, the market capitalisation of the OTC stock exchange grew by N8.41 billion to N1.111 trillion from the N1.102 trillion it ended in the previous session, while the NASD Unlisted Securities Index (NSI) gained 6.00 points to end the day at 793.13 points as against last Friday’s 787.13 points.
Business Post reports that the alternative equity market recorded a single price loser yesterday, and this was Aradel Holdings Plc, formerly known as Niger Delta Exploration and Production (NDEP) Plc, as its stock value dropped N3.88 to settle at N429.00 per unit versus N432.88 per unit.
Market activity declined on Monday, with the volume of transactions falling by 24.6 per cent to 789,136 units from 1.1 million units, and the number of deals going down by 21.4 per cent to 11 deals from 14 deals, while the value of trades surged by 1,837.6 per cent to N189.2 million from N9.8 million.
Central Securities Clearing System (CSCS) Plc remained the most traded stock by volume (year-to-date) for selling 1.1 billion units worth N21.4 billion, IGI Plc has traded 635.2 million units valued at N50.9 million, and Geo-Fluids has exchanged 631.0 units worth N1.1 billion.
CSCS Plc also maintained its spot as the most traded stock by value (year-to-date) after a turnover of 1.1 billion units valued at N21.4 billion, followed by VFD Group with 26.4 million units worth N5.9 billion, and FrieslandCampina Wamco Plc with 19.2 million units valued at N1.4 billion.
