Adedapo Adesanya
By Adedapo Adesanya
The bulls remained on the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Tuesday following a further 0.11 per cent gain posted at the close of transactions.
This was buoyed by the increase in the share prices of market bellwethers, Friesland Campina WAMCO Nigeria Plc and NASD Plc.
Friesland appreciated during the session by N2.74 or 2.1 per cent to close at N127.74 per share as against N127.00 per share of the last session while NASD Plc recorded a 36 kobo or 2.7 per cent increase to settle at N13.56 per unit versus Monday’s value of N13.20 per unit.
As a result, the NASD unlisted securities index (NSI) moved higher by 0.77 points to 725.67 points from 724.90 points, while the market capitalisation grew by N1.02 billion to wrap the day at N954.17 billion in contrast to N953.15 billion of the preceding trading day.
According to data from the NASD exchange, the unlisted securities market recorded a price loser yesterday and this was Niger Delta Exploration and Production (NDEP) Plc, which fell by N10 or 5.9 per cent to trade at N170.00 per share compared with the previous closing price of N180.00 per share.
Business Post reports that the trading volume rose on Tuesday by 5.4 per cent to 663,049 units of shares from the 629,350 units of shares transacted on Monday, but the trading value went south by 13.2 per cent to N44.9 million from N51.8 million, while the number of deals witnessed a 30.8 per cent jump to 17 deals from the 13 deals achieved a day earlier.
AG Mortgage Plc remained the most traded stock by volume on a year-to-date basis with 2.3 billion units valued at N1.2 billion, followed by Central Securities Clearing System (CSCS) Plc with 658.9 million units worth N13.8 billion, and NASD Plc with 42.6 million units valued at N456.1 million.
However, the most traded stock by value on a year-to-date basis was CSCS Plc with 658.9 million units exchanged at N13.8 billion, AG Mortgage Plc was in second place with 2.3 billion units worth N1.2 billion, while NASD Plc was in third place with 42.6 million units valued at N456.1 million.
