Adedapo Adesanya
By Adedapo Adesanya
The bull remained on the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Friday, March 4, following a 0.6 per cent rise.
The favourable outcome came on the back of gains recorded by Niger Delta Exploration and Production (NDEP) and Central Securities Clearing Systems (CSCS) Plc.
NDEP Plc made a N10 or 5 per cent rise to close at N200.00 per unit as against N190.00 per unit it closed a day earlier, while CSCS Plc saw its equity grow by 13 kobo or 0.7 per cent to close at N18.41 per unit in contrast to N18.28 per unit it closed at the previous session.
As a result of this, the NASD unlisted securities index (NSI) moved up by 4.33 points to 730.61 points from 726.28 points, while the market capitalisation gained N3.66 billion to wrap the day at N618.66 billion compared with N615 billion it was quoted on Thursday.
At the market yesterday, the trading volume slid by 99.2 per cent as a total of 121,500 units of shares exchanged hands compared with 15.2 million units transacted on Thursday.
At the close of business, the trading value depreciated by 31.9 per cent to N5.9 million from the previous day’s turnover of N8.6 million, while the number of deals depreciated by 55.6 per cent as only four deals were carried out compared to the nine deals executed at the previous session.
CSCS Plc remained as the most traded security by volume on a year-to-date basis with 656.7 million units sold for N13.8 billion. AG Mortgage Plc came next with 32.0 million units valued at N16.7 million, while NASD Plc came in third place as it has so far traded 21.9 million units of stocks valued at N215.7 million.
Also, CSCS Plc was also the most active stock by value on a year-to-date basis with the sale of 656.7 million units worth N13.8 billion, followed by VFD Group Plc with 916,161 units worth N331.5 million, and FrieslandCampina WAMCO Nigeria Plc, with the sale of 2.2 million units traded for N264.7 million.
