Adedapo Adesanya
By Adedapo Adesanya
The last trading session of the week on the floor of the NASD Over-the-Counter (OTC) Securities Exchange closed on a positive note on Friday with a growth of 1.27 per cent.
The rebound was inspired by three of the unlisted equities; Central Securities Clearing Systems (CSCS) Plc, NASD Plc, and Nigerian Exchange (NGX) Group Plc.
CSCS Plc appreciated by N1.40 or 8.2 per cent to close at N17.00 per unit as against N15.60 per unit, NASD Plc jumped by 46 kobo or 9.0 per cent to close at N5.10 per share in contrast to the previous N4.64 per share, while NGX Group Plc grew by 43 kobo or 2.7 per cent to N16.20 per share from N15.77 per share.
The gains posted by the three stocks lifted the NASD Unlisted Security Index (NSI) by 9.26 points to 737.87 points from 728.61 points it recorded at the previous session and pushed the market capitalisation forward by N8.05 billion to N641.34 billion from N633.29 billion it quoted on Thursday.
At the market yesterday, there was a drop in the volume of securities transacted as investors exchanged 248,620 units compared with the 5.1 million units transacted at the preceding session, indicating a slip by 95.1 per cent.
Likewise, there was a decline in the value of shares traded on Friday as shares worth N3.1 million exchanged hands, 99.7 per cent lower than the N1.0 billion made a day earlier.
These transactions, according to data harvested by Business Post, were carried out in 14 deals compared with the 30 deals carried out the previous day, indicating a decline of 53.3 per cent.
Geo-Fluids Plc, like in the preceding session, ended the session as the most active stock by volume (year-to-date) for trading 1.0 billion units of its shares worth N700.1 billion. NGX Group Plc was in second place with 424.4 million units worth N8.8 billion, while Food Concepts Plc held the third position with 295.2 million units of its shares worth N386.1 million.
In terms of value, NGX Group Plc was the most traded stock on a year-to-date basis with 424.4 million units valued at N8.8 billion. It was followed by VFD Group Plc with 9.4 million units worth N3.1 billion, and FrieslandCampina WAMCO Plc with 8.3 million units valued at N1.0 billion.
