NASD OTC Market Capitalisation Remains Flat at N2.609trn

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange traded relatively flat on Thursday, October 15, as the market’s key performance indicators recorded minimal movement.

Market capitalisation closed at N2.609 trillion, while the NASD Security Index (NSI) slightly went down by 0.10 points to 4,347.07 points from the 4,347.17 points it ended on Wednesday.

The sole price mover for the session was Afriland Properties Plc, as it lost 0.6 per cent or 7 Kobo to sell at N12.23 per share compared with the preceding session’s N12.30 per share.

During the trading day, the volume of securities executed surged by 295.2 per cent to 2.0 million units from 511,344 units, but the value of securities transacted dropped by 33.7 per cent to N25.8 million from the preceding session’s N38.9 million, and the number of deals executed dipped by 61.5 per cent to 10 deals from 26 deals.

Great Nigeria Insurance (GNI) Plc remained the most traded stock by value on a year-to-date basis, with 3.4 billion units sold for N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units valued at N6.5 billion, and Central Securities Clearing System (CSCS) Plc with 81.9 million units exchanged for N6.0 billion.

GNI Plc also closed the day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units traded for N415.7 million.