Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange returned to the positive zone as it appreciated by 0.32 per cent on Monday, July 24, following gains printed by FrieslandCampina Wamco Nigeria Plc and Central Securities Clearing System (CSCS) Plc.
The milk producer gained N1.50 during the session to trade at N72.31 per unit versus the preceding session’s N70.81 per unit, and the securities depository company grew by 10 Kobo to sell at N17.10 per share compared with last Friday’s closing price of N17.00 per share.
The appreciation in these stocks pushed the value of the bourse by N3.42 billion yesterday to N1.067 trillion from N1.064 trillion, as the NASD Unlisted Securities Index (NSI) increased by 2.48 points to wrap the session at 771.81 points compared with 769.33 points recorded at the previous session.
On the first trading day of the week, the NASD OTC exchange witnessed significant increases in the level of activity, as the volume of securities bought and sold by investors surged by 9,987.1 per cent to 10.2 million units from the 101,382 units achieved in the preceding session.
Also, the value of shares traded yesterday jumped by 174.9 per cent to N22.1 million from the N8.0 million posted in the previous trading session, and the number of deals rose by 275.00 per cent to 30 deals from eight deals.
CSCS Plc finished the trading day as the most traded stock by volume on a year-to-date basis with 1.1 billion units valued at N21.2 billion, trailed by Geo-Fluids with 625.9 units worth N1.1 billion, and Industrial and General Insurance (IGI) Plc with 608.3 million units valued at N48.1 million.
Also, CSCS Plc closed the session as the most traded stock by value on a year-to-date basis with 1.1 billion units worth N21.2 billion, followed by VFD Group with 18.9 million units valued at N4.2 billion, and FrieslandCampico Wamco Nigeria Plc with 16.2 million units worth N1.2 billion.
