NDEP Boosts NASD OTC Market by 0.13%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange appreciated by 0.13 per cent on Friday on the back of a positive price movement in the share price of Niger Delta Exploration and Production (NDEP) Plc.

The company’s equity value improved by N7.05 yesterday to close at N200.00 per unit as against the N192.95 per unit it traded a day earlier.

As a result, the total value of the NASD OTC market increased by N1.28 billion to settle at N995.78 billion compared with the previous day’s N994.50 billion, while the NASD Unlisted Securities Index (NSI) appreciated by 0.97 points to end the day at 756.43 points as against 755.46 points it recorded at the previous session.

Yesterday, there was a rise in the volume of securities traded at the bourse as investors exchanged 117,835 units of securities, 164.6 per cent higher than the 44,526 units of securities transacted by market participants a day earlier.

Likewise, there was a 243.2 per cent surge in the value of shares traded yesterday. The total value of transactions increased to N23.0 million from the N6.7 million achieved on Thursday.

These trades were carried out in 17 deals, the same as the previous session.

AG Mortgage Bank Plc was the most traded stock by volume (year-to-date) with the sale of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with 686.6 million units worth N14.2 billion, while Food Concepts Plc was in third place with 147.8 million units valued at N128.4 million.

In the same vein, CSCS Plc ended the trading day as the most active stock by value (year-to-date) with the sale of 686.6 million units worth N14.2 billion, VFD Group Plc was in second place with 24.5 million units valued at N6.6 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 14.1 million units valued at N1.7 billion.