Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange extended its gains on Tuesday following an improvement in the level of activity, which made the market to close 0.41 per cent higher.
This increased the market capitalisation by N2.16 billion to N524.35 billion from N522.19 billion it closed on Monday.
Equally, the positive performance of the market yesterday further boosted the NASD Unlisted Security Index (NSI) by 2.93 points to 713.82 points from the 710.89 points recorded at the previous session.
Business Post reports that market participants executed 16 deals yesterday compared with the 13 deals of Monday, representing a 23.1 per cent rise.
A breakdown of the trades showed that CSCS Plc executed seven deals, FrieslandCampina WAMCO Nigeria Plc did five deals, UBN Properties Plc had two deals, while Afriland Properties Plc and Niger Delta Exploration and Production Plc recorded one deal each.
During the trading day, the total number of securities transacted by investors at the session increased by 3,809.8 per cent to 5.3 million units from the last session’s 134,723 units.
In addition, the value of transactions appreciated by 154.7 per cent during the session as securities worth N14.2 million exchanged hands in contrast to the previous day’s N5.6 million.
On the price movement board, Central Securities Clearing Systems (CSCS) Plc dominated the gainers’ side, adding 51 kobo to its share price to close at N14.41 per share versus N13.90 per share it was previously sold, while Afriland Properties Plc gained 6 kobo to close at N2.20 per share as against N2.14 per share it traded a day earlier.
There were stocks on the losers’ log and was led by FrieslandCampina WAMCO Nigeria Plc, which lost 26 kobo to close at N121.04 per share versus the previous price of N121.30 per share, while UBN Properties shed 4 kobo to trade at N1.40 per share versus N1.44 per share of the previous day.
At the close of business yesterday, ARM Life Plc was the most active stock by the traded volume of shares (year-to-date), exchanging 7.4 billion units of its stocks worth N4.6 billion. CSCS was in second place with 197.2 million units worth N2.6 billion, while Food Concept Plc held the third position with 125 million units of its shares worth N88 million.
Also, ARM Life Plc finished as the most active stock by value (year-to-date), trading 7.4 billion units of its securities for N4.6 billion. CSCS Plc followed with 197.2 million units exchanged for N2.6 billion, while NDEP Plc was in third place with 7.9 million units of its securities sold for N2.4 billion.
