Six Price Gainers Rally OTC Securities Exchange by 2.09%

By Adedapo Adesanya

Six price gainers lifted the NASD Over-the-Counter (OTC) Securities Exchange by 2.09 per cent on Monday, February 9, amid a surge in activity level.

According to data, the volume of securities significantly increased by 3,499.1 per cent to 13.3 million units from the 384,784 units recorded in the preceding trading session, as the value of securities soared by 518.0 per cent to N99.3 million from N16.1 million, and the number of deals moved up by 95.8 per cent to 47 deals from the preceding session’s 24 deals.

Central Securities Clearing System (CSCS) Plc ended the day as the most active stock by value on a year-to-date basis with 16.9 million units exchanged for N699.9 million, followed by Geo-Fluids Plc with 23.2 million units valued at N123.6 million, and FrieslandCampina Wamco Nigeria Plc with 1.8 million units traded for N118.5 million.

However, Geo-Fluids Plc became the most traded stock by volume on a year-to-date basis, with 23.2 million units worth N123.6 million, as CSCS Plc was pushed down the pecking order as second with 16.9 million units transacted for N699.9 million, while Mass Telecom Innovation Plc sold 15.1 million units for N6.1 million.

The price gainers were led yesterday by Okitipupa Plc after it gained N17.00 to trade at N237.00 per share versus the previous price of N220.00 per share, FrieslandCampina Wamco Nigeria Plc added N6.00 to sell at N66.00 per unit versus N60.00 per unit, and CSCS Plc grew by N5.35 to N58.85 per share from N53.50 per share.

Further, IPWA Plc appreciated by 23 Kobo to N2.59 per unit from N2.36 per unit, UBN Property Plc increased its value by 19 Kobo to N2.19 per share from N2.00 per share, and Industrial and General Insurance (IGI) Plc advanced by 5 Kobo to 59 Kobo per unit from 54 Kobo per unit.

However, Nipco Plc lost N9.00 on Monday to close at N250.00 per share versus last Friday’s price of N259.00 per share, and Geo-Fluids Plc dipped by 22 Kobo to N4.08 per unit from N4.30 per unit.

At the close of business, the market capitalisation of the bourse was up by N46.2 billion to N2.253 trillion from N2.207 trillion, and the NASD Unlisted Security Index (NSI) jumped 77.22 points to 3,766.94 points from 3,689.72 points.