By Adedapo Adesanya
The last trading session of the week on the floor of the National Association of Securities Dealers (NASD) Over-the-Counter (OTC) Securities Exchange closed on a positive note on Friday with a further 0.87 per cent.
This was buoyed by the gains in the share prices of two stocks, Niger Delta Exploration and Production (NDEP) Plc and FrieslandCampina WAMCO Nigeria Plc.
The oil and gas investment company appreciated yesterday by N14.24 or 6.8 per cent to N210.00 per unit from N195.76 per unit of the preceding session, while the milk-producing giant moved higher by N3.36 or 2.8 per cent to N116.64 per share from N120.00 per share.
This development added N9.14 billion to the market capitalisation of the OTC market on Friday as it finished at N1.06 trillion from the previous day’s N1.05 trillion.
In the same vein, the NASD unlisted securities index (NSI) moved up by 6.99 points to 807.75 points from 800.76 points.
Despite this, the trading volume slumped yesterday by 21,890.6 per cent as a total of 7.5 million units of securities exchanged hands compared with the 34,180 units transacted at the previous session.
Also, the trading value surged by 49,396.5 per cent to N2.2 billion from the previous day’s N4.5 million, while the number of deals increased by 175 per cent to 11 deals from the four deals carried out in the previous session.
AG Mortgage Plc remained the most traded stock by volume (year-to-date) with a turnover of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with 661.6 million units worth N13.9 billion, while Food Concepts Plc was in third place with 94.0 million units valued at N77.8 million.
Also, CSCS Plc maintained its position as the most traded stock by value (year-to-date) with 661.6 million units worth N13.9 billion, while VFD Group Plc occupied second place with 9.4 million units worth N2.9 billion, with AG Mortgage Bank Plc dropping to third place with 2.3 billion units valued at N1.2 billion.
Modupe Gbadeyanka