Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.03 per cent expansion on Wednesday, driven by the positive price movements in the shares of Central Securities Clearing Systems (CSCS) Plc and the Nigerian Exchange (NGX) Group Plc.
CSCS Plc gained N1.11 or 6.9 per cent to close the session at N17 per share in contrast to N15.89 per share of the previous day, while NGX Group rose by 4.4 per cent or 90 kobo to close at N21.22 per unit compared with N20.32 per unit it closed on Tuesday.
The appreciation in the shares of both stocks expanded the market capitalisation of the bourse by N5.6 billion to N542.95 billion from N537.40 billion.
Also, it boosted the NASD Unlisted Securities Index (NSI) by 7.08 points to settle for the day at 763.84 points compared with 756.04 points of the previous session.
During the session, there was a slight increase in the volume of securities traded by investors as a total of 3.7 million units were exchanged in contrast to the 3.5 million units achieved on Tuesday, indicating a 4.0 per cent rise in the trading volume.
Also, the trading value recorded a 9.3 per cent jump as shares worth N78.4 million exchanged hands as against the N71.8 million traded a day earlier.
These transactions were executed in 42 deals, 22.2 per cent lower than the 54 deals executed the preceding day.
NGX Group finished the session as the most active stock by volume (year-to-date) with 212.7 million units worth N4.9 billion, followed by Swap Technologies and Telecomms Plc with 46.6 million units worth N41 million and CSCS Plc with 27.3 million units of its shares worth N420.2 million.
Also, NGX Group ended the trading day as the most active stock by value (year-to-date) with the sale of 212.7 million units valued at N4.9 billion. It was trailed by Niger Delta Exploration and Production (NDEP) Plc with 2.5 million units valued at N763.8 million and FrieslandCampina WAMCO Plc with 4.4 million units worth N558.7 million.
