Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange returned to gaining ways on Tuesday, November 5, 2019 after closing flat on the first day of the week, as all parameters ended the day’s session facing north.
The market capitalization rose by 0.55 percent or N2.77 billion to close at N505.14 billion from N502.37 billion quoted at Monday’s session, while the NASD Unlisted Security Index (NSI) appreciated to 703.11 points after moving up by 0.55 percent or 3.86 points compared to 699.25 points recorded at previous trading session.
In the same vein, the rise also extended to the volume of transactions recorded during the session, skyrocketing by 83,550 percent or 835,500 units to 836,500 units from 1,000 units it dropped to on Monday as investors reacted to the NASD categorization information.
The value of transactions made by investors at Tuesday’s market also witnessed a boom as it went up by 11,793 percent to N16.7 million in contrast to N140,700 previously recorded, indicating a difference of over N16.6 million from value quoted on Monday.
Total deals executed also followed this pattern as the number of deals executed rose by 7 or 700 percent to 8 deals executed on the second day compared to one deal executed at the Monday. session.
Despite the general market’s good outlook, Central Securities Clearing System (CSCS) Plc saw its share price drop by 53 Kobo to close at N12 per share from N12.53k per share making it the day’s only price loser.
The company, however retained its top spot in value terms (year-to-date) with 202,272,698 units worth N2.53 billion, UBN Properties followed on the list with 884,529,600 units of its stocks sold for N1.2 billion.
Food Concept Plc, on the other hand, held the market’s top of trades position by volume (year to date) with a total transaction of 1,158,828,284 units valued at N844.0 billion, while UBN Properties followed with 921,841,397 units worth N1.24 billion.
