NASD OTC Exchange Closes 0.2% Higher
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange appreciated by 0.2 per cent on Friday, May 19, following positive price movement from FrieslandCampina WAMCO Nigeria Plc.
The milk producer closed the final session of the week as the sole gainer after it moved up by N1.00 to settle at N66.00 per share compared with the previous day’s N65.00 per share.
This supported the N1.96 billion upward movement in the value of the NASD OTC Exchange as it finished at N990.28 billion compared with Thursday’s closing value of N988.32 billion.
Following the same trend was the NASD Unlisted Securities Index (NSI), which increased by 1.42 points to wrap the session at 715.90 points, in contrast to the 714.48 points recorded in the previous session.
There was a fall in the volume of securities traded at the bourse during the session as investors exchanged 151,854 units, 73.6 per cent lower than the 575,500 units traded in the preceding session.
Also, the number of deals depreciated by 23.5 per cent to 13 deals from the 17 deals carried out a day earlier, while the value of shares traded yesterday went up by 30.8 per cent as the total equities traded amounted to N10.9 million versus N8.4 million made previously.
Geo-Fluids Plc remained the most traded stock by volume on a year-to-date basis with 831.9 million units valued at N1.3 billion, Industrial and General Insurance (IGI) Plc stood in second place with 627.7 units worth N49.4 million, while UBN Property Plc was in third place with 390.9 million units valued at N332.0 million.
VFD Group Plc was the most traded stock by value on a year-to-date basis with a turnover of 10.4 million units valued at N2.4 billion, Geo-Fluids Plc was in second place with its 831.9 million units worth N1.3 billion, \while FrieslandCampina Wamco Nigeria Plc was in third place with 12.3 million units valued at N865.7 million.