Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange appreciated on Wednesday, June 26 with a 0.16 per cent growth after the share price of FrieslandCampina Wamco Nigeria Plc closed in the green territory.
This added N3.4 billion to the market capitalisation of the bourse at the close of trading activities, settling at N2.110 trillion compared with the previous day’s N2.107 trillion.
In the same vein, the NASD Unlisted Security Index (NSI) increased yesterday by 2.48 points to wrap the session at 1,540.03 points compared with 1,537.55 points recorded in the previous session.
FrieslandCampina Wamco Nigeria Plc gained N1.74 at midweek to sell at N50.63 per unit, in contrast to the N48.89 per unit it closed on Tuesday.
There was a fall in the value of securities traded yesterday by 67.5 per cent as investors exchanged N213.4 million compared with the N655.6 million worth of securities traded in the preceding session.
Also, the total volume of stocks traded at midweek went down by 97.5 per cent to 141,578 units from the 5.7 million units recorded on Tuesday, and the number of deals carried out eased by 33.9 per cent to 43 deals from the 65 deals executed a day earlier.
At the close of transactions, Capital Hotels Plc was the most traded stock by volume on a year-to-date basis with the sale of 228.6 million units for N1.1 billion, trailed by Industrial and General Insurance (IGI) Plc with the sale of 218.8 million units for N46.1 million, and Mixta Real Estate Plc with a turnover of 139.8 million units worth N240.1 million.
Aradel Holdings Plc was the most active stock by value on a year-to-date basis with a turnover of 6.3 million units valued at N16.8 billion, followed by Central Securities Clearing System (CSCS) Plc with the sale of 101.5 million units for N2.5 billion, and Capital Hotels Plc with a turnover of 228.6 million units worth N1.1 billion.
