NASD OTC Stocks Extend Gain by 0.25%

By Adedapo Adesanya

For another trading session, the NASD Over-the-Counter (OTC) Securities Exchange ended in positive territory after it closed higher by 0.25 per cent on Tuesday, July 25.

This was buoyed by FrieslandCampina Wamco Nigeria Plc, which gained N1.64 during the session to settle at N73.95 per share versus N72.31 per share.

It suppressed the 10 Kobo loss posted by Central Securities Clearing System (CSCS) Plc, which closed at N17.00 per unit compared with the previous day’s value of N17.10 per unit.

As a result, the NASD Unlisted Securities Index (NSI) grew by 1.95 points to end the day at 773.76 points, in contrast to Monday’s 771.81 points, and the market capitalisation improved by N2.71 billion to settle at N1.070 trillion compared with the preceding trading day’s N1.067 trillion.

During the session, the volume of securities traded at the bourse went down by 84.5 per cent to 1.6 million units from the 10.2 million units achieved a day earlier, as the number of deals also depreciated yesterday by 36.7 per cent to 19 deals from the 30 deals printed in the previous day, while the value of transactions increased by 375.8 per cent to N105.2 million from N22.1 million.

CSCS Plc remained the most traded stock by volume on a year-to-date basis with a turnover of 1.1 billion units valued at N21.2 billion, Geo-Fluids stood in second place with 625.8 units worth N1.1 billion, while Industrial and General Insurance (IGI) Plc was in third place with 608.3 million units valued at N48.1 million.

In the same vein, CSCS Plc was the most traded stock by value on a year-to-date basis with 1.1 billion units worth N21.2 billion, VFD Group was in second place with 18.9 million units valued at N4.2 billion, while FrieslandCampina Wamco Nigeria Plc was in third place with 17.6 million units worth N1.2 billion.