Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange returned to the green territory on Wednesday after closing 0.74 per cent higher as a result of a boost from Niger Delta Exploration and Production (NDEP) Plc and FrieslandCampina WAMCO Nigeria Plc.
NDEP Plc rose by N17.90 to close at N187.00 per share versus the previous day’s N170.00 per share, while FrieslandCampina WAMCO Nigeria Plc improved its value by N1.92 to trade at N65.00 per unit compared with Tuesday’s closing price of N63.08 per unit.
The sterling performances of the duo lifted the NASD securities index (NSI) above the 700-point mark as day after it slipped below it. It gained 5.2 points yesterday to close at 703.43 points, in contrast to the 698.23 points it finished in the previous session.
As for the market capitalisation of the NASD bourse, it grew during the session by N6.83 billion to N927.13 billion from N917.48 billion.
Yesterday, the activity chart was in red as the volume of securities bought and sold by traders went down by 49.2 per cent to 85,356 units from the 168,050 units recorded a day earlier.
Similarly, the value of shares traded in the midweek session declined by 25.3 per cent to N7.1 million from N9.4 million, as the number of deals fell by 60 per cent to 10 deals from the 25 deals executed in the previous trading day.
Geo Fluids Plc closed the market on Wednesday as the most traded stock by volume on a year-to-date basis with the sale of 20.4 million units worth N15.5 million, UBN Property Plc was next with 9.0 units worth N6.5 million, while FrieslandCampina Wamco Nigeria was in third place with 740,386 units valued at N48.8 million.
Also, VFD Group Plc maintained its spot as the most traded stock by value on a year-to-date basis, with 417,492 units valued at N101.9 million, followed by FrieslandCampina Wamco Nigeria Plc with 740,386 units worth N48.8 million, and NDEP Plc with 101,000 units valued at N17.7 million.
