NASD OTC Records 0.04% Appreciation

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.04 per cent rise on Monday, August 18, with the market capitalisation adding N790 million to close at N2.147 trillion compared with the N2.146 trillion it closed at the preceding session, and the NASD Unlisted Security Index (NSI) growing by 1.33 points to 3,587.76 points from the 3,587.76 points posted last Friday.

During the trading day, the price of Central Securities Clearing System (CSCS) Plc went up by N1.18 to end at N45.00 per unit compared with the preceding session’s N43.82 per unit and Industrial and General Insurance (IGI) Plc expanded by 7 Kobo to trade at 59 Kobo per share versus the previous closing rate of 52 Kobo per share.

On the flip side, Okitipupa Plc dropped N10.60 to settle at N222.70 per unit versus N233.30 per unit, and Lagos Building Investment Company (LBIC) Plc slid by 3 Kobo to quote at N3.05 per share, in contrast to the previous trading day’s value of N3.08 per share.

Yesterday, there was a 1,820.1 per cent surge in the volume of securities to 56.7 million units from 2.95 million units, as there was a 1,046.1 per cent rise in the value of securities traded by investors to N176.3 million from N15.4 million, and the number of deals rose by 17.9 per cent to 33 deals from 28 deals.

IGI Plc ended the day as the most traded stock by volume on a year-to-date basis with 1.2 billion units worth N401.5 million, followed by Impresit Bakolori Plc with 536.9 million units sold for N524.8 million, and Air Liquide Plc with 507.2 million units transacted for N4.2 billion.

Okitipupa Plc finished the trading session as the most active stock by value on a year-to-date basis with 158.7 million units valued at N5.9 billion, trailed by Air Liquide Plc with 507.2 million units worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 44.0 million units traded for N1.9 billion.