Adedapo Adesanya
By Adedapo Adesanya
For yet another session, the duo of NASD Plc and Central Securities Clearing Systems (CSCS) Plc were the heroes at the NASD Over-the-Counter (OTC) Securities Exchange.
They further spurred the trajectory of the NASD OTC bourse into the bullish territory for the fourth straight session this week on Thursday, November 11.
The performance in the stock prices of these companies increased the market capitalisation of the exchange by 0.59 per cent or N3.66 million to N625.55 billion from N621.89 billion it closed on Wednesday.
This movement was also seen in the NASD Unlisted Security Index (NSI), which added 4.43 basis points to end the day at 757.16 points as against 752.73 points it recorded at the previous session.
NASD Plc appreciated by N2.17 or 8.9 per cent yesterday to sell for N23.07 per unit compared with N21 per unit of the preceding day, while CSCS Plc grew by 56 kobo or 3.2 per cent to sell at N17.61 share as against the previous day’s N17.05 per share.
Business Post reports that the market recorded a sole price loser yesterday and this was Afriland Property Plc, which lost 4 kobo or 3.60 per cent to quote at N1.07 per unit in contrast to the earlier day’s value of N1.11 per unit.
During the session, the volume of securities traded by investors increased by 292.5 per cent to 222,154 units from 56,600 units transacted at the preceding session.
In the same pattern, the value of the stocks was up by 485.4 per cent to N5.7 million from N971,800, while the number of deals carried out increased by 400 per cent to 15 deals from the 3 deals executed a day earlier.
Food Concepts Plc remained as the most traded stock on a year-to-date basis with 11.4 billion units of its shares worth N14.4 billion, followed by Lighthouse Financial Services Plc with 1.1 billion units valued at N546.2 million and Geo Fluids Plc with 1.0 billion units worth N700.1 million.
Also, Food Concepts Plc was the most traded stock by value on a year-to-date basis with 11.4 billion units worth N14.4 billion, followed by Nigerian Exchange (NGX) Group Plc with 456.5 million units valued at N9.2 billion, and VFD Group Plc with 10.4 million units sold for N3.5 billion.
