NGX Group Flies NASD Bourse into Bullish Zone by 0.12%

By Adedapo Adesanya

On Monday, October 4, 2021, transactions on the floor of the NASD Over-the-Counter (OTC) Securities Exchange returned to the bullish zone with a 0.12 per cent growth.

This was mainly influenced by the positive price movement in the share value of Nigerian Exchange (NGX) Group Plc as the close of the first day of the 40th trading week of this year.

The equity price of the company went up by 38 kobo or 2.8 per cent as it closed at N13.55 per unit compared to N13.13 per unit it finished at the preceding trading session.

This pushed the market capitalisation of the bourse by N750 million to N637.91 billion from N637.16 billion and raised the NASD Unlisted Security Index (NSI) by 0.86 basis points to 733.92 basis points from 733.06 basis points recorded at the previous session.

Business Post gathered that during the trading day, a total of 441,212 units of shares were transacted by investors at the NASD bourse compared to the 5.9 million units of shares recorded at the previous session, indicating a decline of 92.5 per cent.

Likewise, there was a decline in the value of shares traded yesterday by 37.4 per cent to N6.4 million from N10.1 million, while the number of deals decreased by 36.8 per cent to 12 deals from 19 deals.

Food Concepts Plc was the most active stock by volume (year-to-date) as it has traded 11.4 billion stocks for N14.4 billion. Geo Fluids Plc has traded 1.0 billion units valued at N700.1 million, while NGX Group Plc has exchanged 455.3 million units worth N9.2 billion.

In terms of value, Food Concepts Plc was also on top of the chart with the sale of 11.4 billion units of its securities worth N14.4 billion. It was followed by NGX Group Plc with the sale of 455.3 million units valued at N9.2 billion, and VFD Group Plc, which has transacted 10.4 million units valued at N3.5 billion.