By Adedapo Adesanya
The market capitalisation of the National Association of Securities Dealers (NASD) Over-the-Counter (OTC) Securities Exchange increased by 0.87 per cent or N7.93 billion on Thursday.
The growth was influenced by the gains posted by the duo of Niger Delta Exploration and Production (NDEP) Plc and FrieslandCampina WAMCO Nigeria Plc.
This expanded the value of the unlisted securities market to N920.38 billion from N912.45 billion and raised the NASD Unlisted Securities Index (NSI) higher by 6.04 points to 699.98 points from 693.94 points.
Yesterday, NDEP Plc appreciated by N11.94 or 5.9 per cent to close at N200.00 per unit in contrast to N188.06 of the preceding session, while Friesland Plc gained N6.09 or 6.0 per cent to trade at N100.98 per share versus N94.89 per share.
However, the exchange reported a price decliner during the session and it was NASD Plc, which fell by 40 kobo or 2.9 per cent to N13.60 per unit from N14.00 per unit.
As for the activity chart, there was an 84.9 per cent decline in the trading volume to 262,650 units from the previous day’s 1.7 million, while the trading value depreciated by 96.3 per cent to N6.1 million from N165.5 million, with the number of deals down by 35.7 per cent to nine deals from the 14 deals achieved in the previous session.
As usual, AG Mortgage Plc ended the session as the most traded stock by volume (year-to-date) with 2.3 billion units valued at N1.2 billion, trailed by Central Securities Clearing System (CSCS) Plc with 661.2 million units worth N13.9 billion, and Food Concepts Plc with 69.0 million units valued at N56.0 million.
Also, CSCS Plc retained its spot as the most active stock by value on a year-to-date basis with 661.2 million units valued at N13.9 billion, followed by AG Mortgage Plc with 2.3 billion units worth N1.2 billion, and Friesland Plc with 7.6 million units valued at N1.0 billion.
Modupe Gbadeyanka