Economy
NASD OTC Bourse Appreciates Further by 0.46%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange appreciated by 0.46 per cent on Friday, February 6, with the market capitalisation expanding by N10.2 billion to N2.207 trillion from the N2.197 trillion quoted in the previous session, while the NASD Unlisted Security Index (NSI) grew by 17.06 points to 3,689.72 points from the previous session’s 3,672.66 points.
The expansion was buoyed by the price appreciation recorded by two securities, which overpowered the declines recorded by four securities.
Central Securities Clearing System (CSCS) increased its value during the session by N4.83 to N53.50 per unit from N48.67 per unit, and IPWA Plc gained 19 Kobo to sell at N2.36 per share versus Thursday’s closing price of N2.17 per share.
On the flip side, Okitipupa Plc lost N10.77 to trade at N220.00 per unit compared with the previous price of N230.77 per unit, FrieslandCampina Wamco Nigeria Plc depreciated by N3.10 to N60.00 per share from N63.10 per share, Geo-Fluids Plc shed 45 Kobo to close at N4.30 per unit versus N4.75 per unit, and Industrial and General Insurance (IGI) weakened by 5 Kobo to 54 Kobo per share from 59 Kobo per share.
A look at the trading data showed that there was a 67.9 per cent drop in the volume of trades to 384,784 units from 1.2 million units, but the value of transactions went up by 33.5 per cent to N16.1 million from N12.0 million, and the number of deals increased by 4.4 per cent to 24 deals from 23 deals.
CSCS Plc ended the day as the most traded stock by value on a year-to-date basis with 16.3 million units exchanged for N667.6 million, followed by FrieslandCampina Wamco Nigeria Plc with 1.8 million units sold for N117.9 million, and Geo-Fluids Plc with 12.4 million units worth N79.5 million.
CSCS Plc also closed the session as the most active stock by volume on a year-to-date basis with 16.3 million units valued at N667.6 million, followed by Mass Telecom Innovation Plc with 13.7 million units worth N5.5 million, and Geo-Fluids Plc with 12.3 million units traded for N79.5 million.
