Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.57 per cent on Tuesday, August 23, buoyed by the trio of Niger Delta Exploration and Production (NDEP), Central Securities Clearing Systems (CSCS) Plc, and FrieslandCampina WAMCO Nigeria Plc buoyed the market index and valuation lower with NASD Plc,
Consequently, the value of the unlisted bourse increased by N5.68 billion from N997.02 billion to N991.34 billion, while the NASD Unlisted Securities Index (NSI) appreciated by 4.32 points to end the day at 757.38 points as against the 753.06 points it recorded in the previous session.
NDEP Plc gained N1.50 or 0.8 per cent to end the day at N192.00 per unit compared to the previously quoted rate of N190.50 per unit, CSCS Plc grew by 97 Kobo or 7.2 per cent to trade at N14.40 per share versus Monday’s N13.43 per share, while FrieslandCampina Wamco Plc expanded by 29 Kobo or 0.3 per cent to close at N89.62 per unit as against the previous day’s N89.33 per unit.
Yesterday, the volume of securities traded by investors depreciated by 89.0 per cent to 107,530 units from 979,129 units, the value of transactions also fell by 95.6 per cent to N6.7 million from N150.4 million, while the number of deals executed went down by 7.7 per cent to 12 deals from the 13 deals carried out a day earlier.
At the close of business, AG Mortgage Plc maintained its position as the most traded stock by volume (year-to-date) with 2.3 billion units valued at N1.2 billion, 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.
CSCS Plc, with a turnover of 686.6 million units worth N14.2 billion remained the most traded stock by value (year-to-date) and was followed by VFD Group Plc with 24.5 million units valued at N6.6 billion, and FrieslandCampina WAMCO Nigeria Plc with 14.0 million units valued at N1.7 billion.
