Over-The-Counter Stocks Further Gain 0.07%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange extended its stay in the positive zone on Friday with a growth of 0.07 per cent buoyed by NASD Plc.

The share price of NASD Plc appreciated for the third straight session by 95 kobo or 9.1 per cent to close at N10.46 per share compared with the previous closing price of N9.50 per share.

At the close of business, the market capitalisation of the over-the-counter stocks increased by N420 million to settle at N621.67 billion compared with N621.25 billion it closed at the preceding session.

In the same vein, the NASD Unlisted Securities Index (NSI) increased by 0.5 points to wrap the session at 734.16 points compared with 733.66 points of the previous session.

During the trading session, the total amount of shares transacted by investors increased by 14.9 per cent to N52.5 million from the N45.7 million recorded on Thursday.

Also, the volume of securities traded at the bourse yesterday rose by 10.1 per cent to 5.0 million units from 4.5 million units achieved at the preceding session, while the number of deals depreciated by 60 per cent to four deals compared to the 10 deals reported a day earlier.

Like in the preceding session, Central Securities Clearing Systems (CSCS) Plc was the most traded stock by volume on a year-to-date basis with the sale of 656.9 million units valued at N13.8 billion, followed by AG Mortgage Bank Plc with 32.0 million units valued at N16.7 million, and NASD Plc, which has transacted 31.9 million units valued at N315.3 million.

The most traded stock by value on a year-to-date basis was also CSCS Plc with a turnover of 656.9 million units worth N13.8 billion, followed by VFD Group Plc with 916,161 units worth N331.5 million and NASD Plc with the sale of 31.9 million units traded for N315.3 million.