Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange continued in the green zone on Thursday, March 9 as it appreciated by 0.08 per cent at the close of transactions.
This pushed the NASD Unlisted Securities Index (NSI) higher during the trading day by 0.6 points to wrap the session at 719.83 points compared with 719.23 points in the previous session.
Also, the marginal growth raised the value of the unlisted securities market by N800 million to settle at N945.87 billion compared with Wednesday’s closing value of N945.07 billion.
Business Post reports that the improvement witnessed at the alternation bourse yesterday was influenced by a lone price gainer, Nipco Plc. The share price rose by N5.00 to settle at N70.00 per unit, in contrast to the previous day’s N65.00 per unit.
Nipco swallowed the 10 Kobo loss reported by Afriland Properties Plc during the session, closing at N1.90 per share compared with Wednesday’s N2.00 per share.
At the close of trades, the volume of securities traded at the bourse by investors went down by 99.4 per cent to 379,067 units from the 85.5 million units achieved a day earlier.
Equally, the value of shares traded during the session declined by 91.3 per cent to N7.5 million from the N85.5 million posted in the preceding trading day.
However, the number of deals completed at the market yesterday increased by 10.00 per cent to 11 deals from the 10 deals carried out in the midweek session.
Geo-Fluids Plc was the most traded stock by volume (year-to-date) with 414.9 million units worth N434.5 million, UBN Property Plc was in second place with 350.3 units valued at N296.2 million, and VFD Group Plc was in third place with 7.2 million units worth N1.6 billion.
Also, VFD Group Plc ended the day as the most traded stock by value (year-to-date) with 7.2 million units worth N1.6 billion, Geo-Fluids Plc was second with 414.9 million units valued at N434.5 million, and UBN Property Plc was in third place with 350.3 million units worth N296.2 million.
