By Adedapo Adesanya
Industrial and General Insurance (IGI) Plc was the sole price gainer at the NASD Over-the-Counter (OTC) Securities Exchange on Tuesday, November 19, helping the platform to close higher by 0.01 per cent when trading activities ended for the day.
The price of the underwriting company increased yesterday by 1 Kobo to settle at 18 Kobo per share compared with the preceding session’s value of 17 Kobo per share.
This moved the market capitalisation of the alternative bourse higher by N140 million to almost a stable value of N1.047 trillion as the NASD Unlisted Security Index (NSI) increased by 0.4 points to 2,989.82 points compared with 2,989.42 points recorded at the previous session.
On the activity log, the volume of shares bought and sold by trades went up by 101.7 per cent to 2.9 million units from the 1.47 million units recorded a day earlier.
However, the value of securities traded by the market participants went down by 74.6 per cent to N1.18 million from the N4.64 million recorded in the previous trading session, as the number of deals decreased by 23.5 per cent to 13 deals from the 17 deals posted in the preceding trading day.
The most active stock by volume on a year-to-date basis was Geo-Fluids Plc, which sold 1.6 billion units for N3.8 billion, as the second spot was taken by Okitipupa Plc with 751.3 million units valued at N7.7 billion, and the third position occupied by Afriland Properties Plc followed with 296.6 million units worth N5.3 million.
Inversely, the most active stock by value on a year-to-date basis was Aradel Holdings Plc with 108.7 million units worth N89.2 billion, followed by Okitipupa Plc with 751.3 million units valued at N7.7 billion, and Afriland Properties Plc was in third with 296.6 million units sold for N5.3 billion.
Dipo Olowookere