Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a marginal drop of 0.02 per cent on Thursday, October 5, amid a surge in the volume of securities traded at the bourse by 1,159.01 per cent to 5.3 million units from the 422,250 units transacted on Wednesday.
Though the value of transactions increased, it was by 13.1 per cent to N10.5 million from the N9.3 million posted a day earlier, as the number of deals expanded by 25.00 per cent to 20 deals from the 16 deals carried out in the preceding trading day.
Despite the rise in the activity level, the key performance indicators of the unlisted securities market waned due to selling pressure by the market participants.
The NASD Unlisted Securities Index (NSI) dropped 0.15 points to wrap the session at 813.20 points compared with 813.35 points and the market capitalisation went down by N200 million to remain relatively flat at N1.102 trillion.
The alternative stock market recorded a single price advancer and one price loser, with FrieslandCampina Wamco Nigeria Plc going down by 25 Kobo to close at N73.50 per unit compared with the preceding day’s N73.75 per unit.
On the flip side, UBN Property Plc gained 5 Kobo yesterday to close at N1.30 per share compared with the previous day’s N1.25 per share.
Central Securities Clearing System (CSCS) Plc remained the most traded stock by volume on a year-to-date basis with 1.1 billion units valued at N22.2 billion, UBN Property Plc was in second place with 951.2 million units valued at N948.6 million and Geo-Fluids Plc stood in third place with 668.1 units worth N1.2 billion.
Also, CSCS Plc closed as the most traded stock by value on a year-to-date basis with 1.1 billion units valued at N22.2 billion, VFD Group followed with 26.6 million units worth N5.9 billion, and Aradel Holdings Plc was in third place with 6.2 million units valued at N2.2 billion.
