By Adedapo Adesanya
Unlisted securities admitted on the NASD Over-the-Counter (OTC) Securities Exchange on Wednesday welcomed the bulls again at the close of the trading session.
At the market yesterday, the NASD unlisted securities index (NSI) moved up by 0.34 per cent or 2.39 points to 713.71 points from 711.00 points recorded at Tuesday’s session.
In the same trend, the bourse’s market capitalisation closed N524.04 billion or 0.34 per cent higher to N1.76 billion from N522.28 billion it ended on Tuesday.
At the previous session, the market had been lifted by 0.70 per cent by a bellwether, Niger Delta Exploration and Production (NDEP) Plc.
Again on Wednesday, NDEP Plc, which closed as the day’s single advancer, further added N9.67 to its price to settle at N304.67 per share compared with the previous day’s N295 per share.
The session saw a rise in the total volume of shares by 65.6 per cent to 88,485 units from 53,432 units on Tuesday.
These stocks were recorded from six deals executed on securities, with NDEP Plc recording three deals, while Mixta Real Estate Plc had two deals, with Central Securities Clearing Systems (CSCS) Plc recording one deal.
These deals amounted to N9.3 million shares exchanged at the session, lower by 33.5 per cent than the N13.99 million realised at the preceding day.
ARM Life Plc closed the trading day as the most traded stock by volume (year-to-date) with 7.4 billion units of its shares worth N4.6 billion. CSCS Plc was in second place with 200.0 million units traded at N2.7 billion, while Food Concept Plc followed in third place with 125.1 million units traded at N88.1 million.
In terms of the value of trades (year-to-date), ARM Life Plc still retained the top position with a total of 7.4 billion units worth N4.6 billion. CSCS Plc came in second place with 200.0 million units valued at N2.7 billion, while NDEP Plc was in the third spot with 8.7 million units worth N2.7 billion.
more recommended stories
FG to Threatens Illegal Fertilizer Manufacturers
By Adedapo Adesanya The federal government.
BREAKING: CBN Slices MPR to 11.5% from 12.5%
By Dipo Olowookere The Central Bank.
Visa, She Leads Africa to Assist 700,000 Women Entrepreneurs
By Adedapo Adesanya Leading payments solution.
Investors Gear up for DMO’s N150bn Bond Sale on Wednesday
By Modupe Gbadeyanka On Wednesday, September.
CSCS Warns Financial Market Participants of Alarming Rise in Cybercrime
By Modupe Gbadeyanka Stakeholders in the.
Retiree Life Annuity Funds Grows 15.3% to N463.1bn in Q2
By Adedapo Adesanya The National Insurance.
Investor Participation Central to Growth of Any Economy—Onyema
By Modupe Gbadeyanka The need to.
NASD OTC Market Opens Week 1.23% Higher on CSCS Gains
By Adedapo Adesanya The week kicked.