NASD OTC Exchange Gains 0.31%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange opened the new week on a positive note after it ended 0.31 per cent higher on Monday, September 8, turning the tide from last week’s losses.

The market capitalisation rose by N6.52 billion to close at N2.139 trillion compared with last Thursday’s N2.139 trillion and the NASD Unlisted Security Index (NSI) increased by 10.89 points to 3,576,35 points from the 3,565.46 points it ended in the preceding trading day.

During the session, the value of FrieslandCampina Wamco Nigeria Plc went up by N2.00 to trade at N60.00 per share compared with the previous closing value of N58,00 per share, and Afriland Properties Plc gained N1.90 to close at N20.90 per unit, in contrast to the previous day’s N19.00 per unit.

Yesterday, the volume of securities traded by investors plunged by 97.3 per cent to 54,522 units from 1.9 million units, the value of securities depreciated by 93.6 per cent to N2.7 million from N42.5 million, and the number of deals decreased by 53.1 per cent to 12 deals from 26 deals.

At the close of transactions, Okitipupa Plc was still the most traded stock by value on a year-to-date basis with 158.7 million units transacted for N5.9 billion, followed by Air Liquide Plc with 507.3 million units worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 44.6 million units valued at N1.9 billion.

Industrial And General Insurance (IGI) Plc was the most traded stock by volume on a year-to-date basis with 1.2 billion units worth N417.0 million, trailed by Impresit Bakolori Plc with 536.9 million units worth N524.8 million, and Air Liquide Plc with 507.3 million units valued at N4.2 billion.