Adedapo Adesanya
By Adedapo Adesanya
The National Association of Securities Dealers (NASD) Over-the-Counter (OTC) Securities Exchange improved by 1.41 per cent on Friday, July 1.
This was bolstered by the growth reported by the trio of Niger Delta Exploration and Production (NDEP) Plc, FrieslandCampina WAMCO Nigeria Plc, and NASD Plc.
NDEP Plc appreciated by N18.21 to close at N210.00 per unit compared with the previous day’s N191.79 per unit, Friesland Plc gained N5.21 to sell for N102 per share versus Thursday’s value of N96.79 per share, while NASD Plc rose by N1.50 to quote at N16.50 per unit in contrast to the N15.00 per unit it traded in the previous session.
The OTC exchange did not record a price decliner and at the close of business, the market capitalisation went up by N14.21 billion to N1.018 trillion from N1.004 trillion, while the NASD Unlisted Securities Index (NSI) moved up by 10.79 points to 774.03 points from 763.24 points.
Spirits were high during the session as investors showed renewed interest in the market, resulting in a higher transaction level. Data showed that the trading volume jumped by 2,091.9 per cent to 127,001 units from 5,794 units, the trading value rose by 1,288.4 per cent to N15.4 million from N1.1 million, while the number of deals appreciated by 42.9 per cent to 10 deals from the seven deals achieved in the previous session.
AG Mortgage Bank Plc remained the most traded stock by volume (year-to-date) with 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with 674.4 million units worth N14.1 billion, while Food Concepts Plc was in third place with 146.5 million units valued at N127.2 million.
On the flip side, CSCS Plc was the most active stock by value (year-to-date) with 674.4 million units exchanged for N14.1 billion, VFD Group Plc was in second place with 10.9 million units worth N3.2 billion while FrieslandCampina WAMCO Nigeria Plc was in third place for selling 9.7 million units valued at N1.3 billion.
