By Adedapo Adesanya
The bull remained on the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Tuesday following a 0.32 per cent upward movement at the close of business.
The outcome came on the back of the gain recorded by the sole price mover, Central Securities Clearing System (CSCS) Plc, which saw its equity add 65 Kobo to close at N15.35 per unit compared with Monday’s closing price of N14.70 per unit.
As a result, the market capitalisation of the NASD OTC bourse grew by N3.35 billion to wrap the day at N1.026 trillion, in contrast to the previous day’s N1.023 trillion, as the NASD unlisted securities index (NSI) moved up by 2.34 points to 741.96 points from 739.62 points.
During the session, there was a drop in the trading volume by 99.6 per cent as a total of 48,397 units of shares exchanged hands compared with the 11.5 million units of shares transacted on Monday.
In the same vein, the value of stocks transacted by investors depreciated by 14.7 per cent to N1.8 million from the previous day’s N2.1 million, as the number of deals went down by 25 per cent to six deals from the eight deals carried out in the previous session.
At the close of business, Geo-Fluids Plc remained the most traded stock by volume on a year-to-date basis with 811.3 million units valued at N1.3 billion, Industrial and General Insurance (IGI) Plc was in second place with 615.6 million units valued at N48.6 million, while UBN Property Plc stood in third place with 369.8 units worth N313.0 million.
Also, VFD Group Plc finished the session as the most traded stock by value on a year-to-date basis with 10.4 million units worth N2.4 billion, Geo-Fluids Plc was in second place with the sale of 811.3 million units worth N1.3 billion, while UBN Property Plc was in third place with 369.8 million units valued at N313.0 million.
