Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed in the positive territory, climbing by 0.2 per cent on Friday, February 3.
Business Post reports that FrieslandCampina WAMCO Nigeria Plc helped the market capitalisation rise by N1.81 billion to close at N942.35 billion against the previous value of N940.51 billion.
Equally, the NASD Unlisted Securities Index (NSI) jumped by 1.39 points to wrap up the trading session at 717.15 points versus the 715.76 points achieved in the preceding trading session.
The trading data showed that there was a rise in the volume of trades, while there was a slide in the value of transactions, with the number of deals declining during the final trading session of the week.
According to data from the NASD OTC exchange, the volume of unlisted securities traded by market participants stood at 351,489 units in contrast to the 261,439 units of securities transacted at the preceding session, indicating a jump of 34.4 per cent.
However, the value of shares exchanged by the market participants depreciated by 66.4 per cent to N5.3 million from N15.7 million recorded in the previous session.
The total number of deals executed at the bourse during the session stood at 10 deals, which is 50 per cent lower than the 20 deals recorded a day earlier.
At the close of business, Geo-Fluids Plc remained the most traded stock by volume on a year-to-date basis, with the sale of 321.2 million units worth N317.2 million, UBN Property Plc stood in second place with 35.8 million units valued at N25.8 million, while FrieslandCampina WAMCO Group Plc was in third place with 2.4 million units valued at N160.1 million.
Also, Geo-Fluids Plc maintained its position as the most active stock by value on a year-to-date basis, with 321.2 million units sold for N317.2 million, FrieslandCampina WAMCO Group Plc was in second place with 2.4 million units valued at N160.1 million, while VFD Group Plc was in third place for trading 561,810 units for N137.0 million.
