NASD OTC Exchange Records 0.35% Appreciation
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange opened the week green as it saw a 0.35 per cent rise on Monday, August 28.
The growth recorded during the trading day lifted the market capitalisation of the bourse by N3.87 billion to N1.104 trillion from the N1.101 trillion achieved last Friday, as the NASD Unlisted Securities Index (NSI) increased by 2.77 points to settle at 788.14 points, in contrast to the previous trading day’s 785.37 points.
The performance of the NASD OTC exchange was buoyed by the improvements in the share prices of three companies on the platform, offsetting the losses posted by three of their counterparts.
Aradel Holdings Plc increased its value by N6.29 yesterday to trade at N451.89 per share compared to last Friday’s N445.60 per share, Acorn Petroleum Plc expanded by 2 Kobo to close the day at 29 Kobo per unit versus 27 Kobo per unit, while Industrial and General Insurance (IGI) Plc went up by 1 Kobo to 14 Kobo per share from 13 Kobo per share.
Inversely, 11 Plc made a N6.34 loss to close the day at N180.00 per unit, in contrast to the previous N186.34 per unit, Central Securities Clearing System (CSCS) Plc slipped by 50 Kobo to N17.50 per share from N18.00 per share, while FrieslandCampina Wamco Nigeria Plc dwindled by 10 Kobo to N73.86 per unit from N73.96 per unit.
The alternative stock market was busy yesterday, as the volume of securities traded by investors rose by 135.8 per cent to 5.9 million units from 2.5 million units, the value of shares transacted rose by 511.5 per cent to N37.2 million from N24.6 million, while the number of deals decreased by 4.6 per cent to 21 deals from 22 deals.
CSCS Plc remained the most traded stock by volume (year-to-date) with 1.1 billion units worth N22.1 billion, IGI Plc was in second place with 644.2 million units valued at N52.0 million, and Geo-Fluids Plc stood in third place with 636.2 units worth N1.1 billion.
CSCS Plc also remained as the most traded stock by value (year-to-date) with 1.1 billion units valued at N22.1 billion, VFD Group followed with 26.4 million units worth N5.9 billion, and Aradel Holdings Plc was in third place with 5.7 million units valued at N1.9 billion.