Adedapo Adesanya
By Adedapo Adesanya
The positive run at the NASD Over-the-Counter (OTC) Securities Exchange continued on Thursday after closing marginally higher by 0.01 per cent when trading activities were rounded up.
The favourable outcome came on the back of the growth recorded by NASD Plc as the equity price of the company appreciated by 15 kobo or 1.1 per cent to close at N13.65 per unit in contrast to the N13.50 per unit it finished at the previous session.
As a result of this, the NASD unlisted security index (NSI) moved up by 0.08 points to 750.00 points from 749.92 points, while the market capitalisation of the alternative bourse increased by N70 million to wrap the day at N619.63 billion compared with the preceding day’s N619.56 billion.
Despite the bulls retaining control of the market, the level of activity was low yesterday as the trading volume went down by 85.1 per cent as a total of 209,300 units of shares exchanged hands compared with the 1.4 million units transacted on Wednesday.
In the same vein, the trading value depreciated by 82.8 per cent to N4.3 million from the previous day’s N24.8 million, while the number of deals went down by 72.7 per cent as only six deals were carried out by market participants as against the 22 deals executed a day earlier.
At the close of trades, Food Concepts Plc closed as the traded stock by volume (year-to-date) with a turnover of 11.4 billion units valued at N14.4 billion, followed by Lighthouse Financial Service Plc with a turnover of 1.1 billion units valued at N546.1 million, and Geo Fluids Plc with a turnover of 1.0 billion units worth N700.1 million.
Also, Food Concepts Plc ended the trading session as the most active stock by value (year-to-date) with the sale of 11.4 billion units of its securities for N14.4 billion. It was followed by Nigerian Exchange (NGX) Group Plc for transacting 456.4 million units valued at N9.2 billion, and VFD Group Plc for selling 10.4 million units worth N3.5 billion.
