Economy
NASD OTC Exchange Climbs 1.46%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange further rose by 1.46 per cent on Thursday, July 30, with the index up by 63.29 points to 4,388.17 points from the preceding day’s 4,324.88 points, and the market capitalisation adding N37.99 billion to end at N2.633.84 trillion, in contrast to Wednesday’s N2.595 trillion.
The growth recorded yesterday was influenced by three securities, which overpowered the losses printed by five price losers, led by MRS Oil Plc, which shed N16.25 to close at N146.55 per unit versus N162.80 per unit.
Further, NASD Plc lost N3.26 to settle at N34.10 per share compared with the preceding session’s N37.36 per share, Nitrox Industrial Gases Plc eased by N1.00 to N19.00 per unit from N20.00 per unit, Geo-Fluids Plc depreciated by 25 Kobo to N2.28 per share from N2.53 per share, and Industrial and General Insurance (IGI) Plc decreased by 3 Kobo to 49 Kobo per unit from 52 Kobo per unit.
But Okitipupa Plc advanced by N22.43 to N280.00 per share from N257.57 per share, Central Securities Clearing System (CSCS) Plc appreciated by N6.46 to N101.46 per unit from N95.00 per unit, and Afriland Properties Plc improved by N2.05 to N22.68 per share from N20.63 per share.
The volume of securities bought and sold on the platform went up by 1,096.6 per cent to 2.6 million units from 213,893 units, and the value of securities rose by 494.9 per cent to N88.3 million from N14.8 million, while the number of deals depleted by 13.6 per cent to 38 deals from 44 deals.
Great Nigeria Insurance (GNI) Plc ended the session as the most traded stock by value on a year-to-date basis, with 3.4 billion units transacted for N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units exchanged for N6.5 billion, and CSCS Plc with 76.5 million units traded for N5.5 billion.
GNI Plc also closed the day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units valued at N6.5 billion, and Resourcery Plc with 1.1 billion units sold for N415.7 million.
