By Adedapo Adesanya
Trading activities on the floor of the NASD Over-the-Counter (OTC) Securities Exchange closed bullish on Wednesday, June 14.
Data revealed that unlisted equities appreciated by 0.18 per cent in the midweek, as the share prices of three companies on the platform gained weight at the close of transactions.
11 Plc gained N12.66 to move up to N144.00 per unit from N131.34 per unit, FrieslandCampina Wamco Nigeria Plc rose by N1.62 to close at N69.76 per share compared with the previous day’s N71.38 per share, and Geo-Fluids Plc improved by 23 Kobo to settle at N3.00 per unit versus Tuesday’s N2.77 per unit.
The growth posted by the trio offset the 9 Kobo loss recorded by Central Securities Clearing System (CSCS) Plc, as its value ended at N14.31 per share versus the preceding session’s N14.40 per share.
At the close of business, the total value of the unlisted securities market grew by N8.25 billion to N1.022 trillion from N1.013 trillion, as the NASD Unlisted Securities Index (NSI) increased by 5.97 points to 738.87 points from 732.90 points.
The OTC stock exchange witnessed buying interest from investors, resulting in the activity chart closing in the green session, with 5.7 million units of stocks exchanging hands compared with the previous day’s 1.9 million units of stocks, indicating a 200.7 per cent growth.
The value of shares jumped by 374.9 per cent to N34.9 million from Tuesday’s N7.3 million, as the number of deals marginally grew by 6.3 per cent to 34 deals from 32 deals.
Geo-Fluids Plc remained the most traded stock by volume (year-to-date) with 838.5 million units valued at N1.3 billion, Industrial and General Insurance (IGI) Plc stood in second place with 630.1 units worth N49.6 million, while UBN Property Plc was in third place with 395.9 million units valued at N336.6 million.
VFD Group Plc was the most traded stock by value (year-to-date) with 11.0 million units valued at N2.5 billion, Geo-Fluids Plc followed with 838.5 million units worth N1.3 billion, as FrieslandCampina Wamco Nigeria Plc was in third place with 17.9 million units valued at N1.3 billion.
