Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed higher for the third straight session after it improved by 0.11 per cent at the close of transactions on Wednesday, October 18.
This moved the NASD Unlisted Security Index (NSI) higher by 0.90 points to 823.22 points from the 822.32 points achieved in the previous trading session, as the value of the market increased by N1.22 billion to close at N1.115 trillion, in contrast to the preceding day’s N1.114 trillion.
It was observed that the unlisted securities market grew after Nipco Plc added N6.50 to its value to finish at N86.50 per unit, in contrast to Tuesday’s closing price of N80.00 per unit.
During the trading day, there was a rise in the volume of securities traded at the bourse by 107.9 per cent to 2.6 million units from 1.2 million units, the value of shares traded at the session went up by 246.5 per cent to N93.43 million from N26.97 million, while the number of deals carried out went down by 23.5 per cent to 13 deals from the 17 deals executed in the preceding trading session.
The most traded stock by volume on a year-to-date basis was Central Securities Clearing System (CSCS) Plc with the sale of 1.2 billion units worth N22.3 billion, UBN Property Plc was in second place with 952.8 million units valued at N950.8 million, and Geo-Fluids Plc stood in third place with 681.5 units worth N1.3 billion.
Also, CSCS Plc closed the trading day as the most traded stock by value on a year-to-date basis with a turnover of 1.2 billion units worth N22.3 billion, VFD Group followed with the sale of 26.6 million units valued at N5.9 billion, and Aradel Holdings Plc was in third place with 7.0 million units valued at N2.6 billion.
