NASD OTC Bourse Records 0.63% Appreciation
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange continued in the green territory as it pulled a 0.63 per cent appreciation on the back of a positive price movement from FrieslandCampina WAMCO Nigeria Plc on Thursday, February 16.
FrieslandCampina WAMCO Nigeria Plc closed the day N3 or 4.62 per cent higher to finish at N68.00 per share, in contrast to the preceding session’s N65.00 per share.
As a result, the portfolios of investors at the bourse increased by N5.86 billion, leaving the market capitalisation of the NASD OTC bourse at N934.22 billion versus Wednesday’s value of N928.36 billion.
Following the same trend was the NASD Unlisted Securities Index (NSI), which expanded by 4.45 points to wrap the session at 710.96 points compared with 706.51 points recorded in the previous session.
During the session, the volume of securities traded by the market participants went down by 93.5 per cent to 20,143 units from the 307,860 units traded in the midweek trading day.
In the same vein, the number of deals shrank yesterday by 45.5 per cent as it closed at six deals, in contrast to the 11 deals completed in the previous day.
However, the value of transactions increased during the session by 60.6 per cent to N1.4 million from the N864,174 transacted a day earlier.
When the unlisted security exchange closed for the day, Geo-Fluids Plc remained the most traded stock by volume (year-to-date), with a turnover of 334.2 million units valued at N331.3 million, UBN Property Plc stood in second place with 228.0 units valued at N191.0 million, and NASD Plc was in third place with 3.0 million units worth at N36.6 million.
In the same vein, Geo-Fluids Plc was the most active stock by value on a year-to-date basis, with the sale of 334.2 million units worth N331.3 million, UBN Property Plc was also in second place with 228.0 million units valued at N191.0 million, and FrieslandCampina Wamco Nigeria Plc was in third place with 2.6 million units valued at N167.4 million.