NASD OTC Securities Exchange Extends Gains by 0.11%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed 0.11 per cent higher on Tuesday, August 23, after the value of the trading platform increased by N1.19 billion to N1.113 trillion from N1.112 trillion, and the NASD Unlisted Securities Index (NSI) rose by 0.85 points to end the day at 793.98 points as against 793.13 points it recorded at the previous session.
The positive momentum was sustained during the session due to the fortification of the prices of four securities at the NASD OTC securities exchange.
Aradel Holdings Plc improved its value by N31 yesterday to sell at N460.00 per unit compared with the previous day’s N429.00 per unit, Central Securities Clearing System (CSCS) Plc gained N1.50 to trade at N18.50 per share versus Monday’s closing price of N17.00 per share, Acorn Petroleum Plc appreciated by 1 Kobo to 27 Kobo per share compared with the previous day’s 26 Kobo per share, and Afriland Plc moved up by 1 Kobo to close at N3.36 per unit, in contrast to Monday’s closing price of N3.35 per unit.
The gains recorded by the four unlisted equities overshadowed the N2.20 loss reported by FrieslandCampina Wamco Nigeria Plc, which closed at N74.00 per unit as against the preceding day’s N76.20 per unit.
Yesterday, the volume of securities traded by investors surged by 1,182.8 per cent to 10.2 million units from 789,136 units, the number of deals carried out increased by 172.7 per cent to 30 deals from the 11 deals executed a day earlier, while the value of transactions decreased by 8.1 per cent to N173.9 million from N189.2 million.
CSCS Plc ended the session as the most traded stock by volume (year-to-date) with 1.1 billion units valued at N21.5 billion, Industrial and General Insurance (IGI) Plc was in second place with 636.2 million units worth N51.0 million, and Geo-Fluids Plc was in third place with 631.0 units valued at N1.1 billion.
CSCS Plc remained the most traded stock by value (year-to-date) with 1.1 billion units worth N21.5 billion, VFD Group was in the second spot with 26.4 million units valued at N5.9 billion, and FrieslandCampina Wamco Plc was in third place with 19.3 million units worth N1.4 billion.