By Adedapo Adesanya
The first trading day of the Nigerian Exchange (NGX) Group on the floor of the NASD Over-the-Counter (OTC) Securities Exchange closed bullish.
The stock joined forces with the Central Securities Clearing Systems (CSCS) Plc to help the unlisted securities market to extend its gains to the seventh consecutive day, rising by 0.28 per cent.
NGX Group joined the exchange on Tuesday at a unit price of N25 but yesterday, its value rose by 2.4 per cent or 59 kobo to close at N25.59 per unit.
On its part, CSCS gained 30 kobo or 3 per cent to settle at N16.55 per unit as against N16.25 per unit it was transacted on Tuesday.
At the end of the day’s trading, the NASD Unlisted Securities Index (NSI) gained 2.11 points to finish at 766.78 points in contrast to 764.67 points it ended a day earlier.
In the same trend, the bourse’s market capitalisation closed at N545.03 billion after it increased by N1.5 billion. At the preceding session, it finished at N543.53 billion.
A total of 4.3 million shares were transacted yesterday, 100.7 per cent higher than the 2.1 million units traded on Tuesday, while securities worth N108.8 million exchanged hands, 406.9 per cent higher than N21.5 million recorded on Tuesday.
These transactions were carried out in 56 deals, 1,300 per cent higher than the four deals recorded previously and a chunk of them were executed on NGX Group, 42 deals.
Afriland Properties Plc accounted for eight deals, CSCS Plc recorded three deals, Niger Delta Exploration and Production (NDEP) Plc made two deals, while FrieslandCampina WAMCO Nigeria Plc executed a day.
At the close of business, UBN Property Plc remained as the most active stock by volume on a year-to-date basis for transacting 21.9 million units valued at N24.6 million. CSCS Plc trailed for trading 9.1 million units worth N141.9 million, while NGX Group sold 4.1 million units worth N105.7 million.
In terms of the most active stock by value (year-to-date), NDEP Plc remained on top with 2.2 million units worth N695.0 million, Friesland followed with 3.5 million units worth N435.4 million, and VFD Group Plc, which has traded 1.3 million valued at N219.6 million.
The blockchain brings new financing options to the business market. For example, Bitcoin Cash casino has adapted to only using cryptocurrency. This way, it makes it easier for their customers to deposit and withdraw in a BCH casino. Entrepreneurs have taken note of this and are looking to invest more in crypto than in fiat markets.
Like Our Facebook Page
Latest News on Business Post
- 11 Plc (Mobil Oil) Finally Quits Stock Exchange May 8, 2021
- NGX Index Rises 0.21% as Investors Patronise Value Stocks May 8, 2021
- Fresh Optimism Lifts Oil Market into Positive Territory May 8, 2021
- Moody’s Fears First Bank Financial Health Could be at Risk May 8, 2021
- CSCS Fixes May 18 for 27th AGM in Lagos May 8, 2021
- Super League: UEFA Sanctions Manchester United, Others May 7, 2021
- Union Bank CEO Buys Additional Shares Amidst Acquisition Rumour May 7, 2021
- Ex-Minister Mama Taraba Dies in Egypt May 7, 2021
- Heritage Bank, RTEAN Unveil Insurance Scheme for Travellers May 7, 2021
- NGX Praises Transcorp Hotels Efforts to Boost Investor Confidence May 7, 2021
Economy5 years ago
Kwara Disburses N1.7b For Projects
Technology5 months ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN
Feature/OPED1 year ago
Davos was Different this year
Economy3 years ago
FAAC: FG, States, LGs Share N655.18b in January
Economy2 months ago
MBA Forex Blames CBN for Inability to Return Investors’ Funds
General2 years ago
Ikeja Electric Explains How to Get Prepaid Metres via MAP
Banking3 years ago
Sort Codes of GTBank Branches in Nigeria
Feature/OPED2 months ago
COVID and the Growth of Technology in Nigeria