NASD OTC Index Jumps 0.26% to 801.11 Points

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange extended its presence in the positive territory on Tuesday, September 5 by 0.26 per cent.

During the trading session, the NASD Unlisted Securities Index (NSI) rose above 800 basis points after it gained 2.07 points to wrap the session at 801.11 points compared with the 799.04 points recorded at the previous session.

Also, the market capitalisation of the bourse increased yesterday by N11 billion to N1.123 trillion from the N1.112 trillion it closed in the preceding session.

This feat was achieved after Central Securities Clearing System (CSCS) Plc gained 58 Kobo during the session to sell at N18.00 per unit compared with the N17.42 per unit it traded on Monday.

On the activity log, the volume of securities traded at the bourse during the session went down by 92.1 per cent as investors exchanged 27,450 units versus the 348,407 units recorded a day earlier.

In the same vein, the value of shares traded on Tuesday slid by 94.4 per cent to N650,907.70 from N11.6 million, and the number of deals depreciated by 66.7 per cent to seven deals from the 21 deals recorded in the preceding trading session.

When trading activities were brought to an end, the sole price mover, CSCS Plc, remained the most traded stock by volume on a year-to-date basis with the sale of 1.1 billion units for N22.1 billion, UBN Property Plc was in second place with 924.1 million units valued at N917.4 million, and Industrial and General Insurance (IGI) Plc stood in third place with 646.1 units worth N52.3 million.

Also, CSCS Plc retained its spot as the most traded stock by value on a year-to-date basis with a turnover of 1.1 billion units valued at N22.1 billion, VFD Group occupied the next position with the sale of 26.5 million units worth N5.9 billion, and Aradel Holdings Plc was in third place with 5.7 million units valued at N1.9 billion.