NASD OTC Exchange Sustains Growth by 0.11%
By Adedapo Adesanya
Tuesday’s trading session at the NASD Over-the-Counter (OTC) Securities Exchange closed on a positive note as the unlisted securities market extended its, with the key performance indices pointing north.
The NASD Unlisted Security Index (NSI) appreciated by 0.11 per cent or 0.81 points yesterday to settle at 711.96 points in contrast to the 711.15 points quoted the previous day.
Following the same trend, the market capitalisation gained 0.11 per cent or N600 million to close at N522.99 billion on Tuesday as against the N522.39 billion it finished on Monday.
In the other parameters tracked, the volume of shares transacted by investors equally increased by a whopping 2,274.4 per cent as a total of 204,957 units of shares exchanged hands in the session compared with the previous day’s 8,632 units.
In the same vein, the value of the trades recorded at the market received a 330.7 per cent boost to N3.46 million from N802,598 worth of shares transacted at the week’s opening trading session.
Similarly, the total number of deals executed by market participants went up by six or 120 per cent as a total of 11 deals occurred during the session compared with the five deals of the previous session.
An analysis of these deals showed that Central Securities Clearing Systems (CSCS) Plc recorded the highest number, five, and this helped its share price at the close of the day. The equity price of the company, which was the only price gainer yesterday, rose by 12 kobo or 0.85 per cent to N14.12 per unit from N14 per unit.
Business Post reports that FrieslandCampina WAMCO Nigeria Plc and Niger Delta Exploration and Production (NDEP) Plc recorded three deals each at the bourse on Tuesday.
The most active stock by value (year-to-date) at the NASD OTC market yesterday was ARM Life Plc. The insurer has transacted 7.4 billion units of its securities worth N4.6 billion. It was followed by NDEP Plc, which has traded 8.8 million units of its stocks for N2.7 billion, and CSCS Plc, which has exchanged N201.0 million units valued at N2.7 billion.
In terms of the most traded stock by volume (year-to-date), ARM Life Plc equally topped the chart for transacting 7.4 billion units of its shares worth N4.6 billion, while CSCS Plc followed for trading 201.0 million units worth N2.7 billion, with Food Concept Plc followed in third place for selling 125.1 million units valued at N88.1 million.