Unlisted Securities Bourse Gains 0.14% 

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed 0.14 per cent higher on Tuesday, October 27, with the market capitalisation growing by N3.48 billion to N2.578 trillion from N2.575 trillion, and the NASD Security Index (NSI) rising by 5.80 points to 4,296.05 points from the previous day’s 4,290.25 points.

The unlisted securities bourse expanded yesterday after three securities gained weight and one other shed weight.

MRS Oil Nigeria Plc topped the gainers’ list after it chalked up N9.60 to close at N105.64 per share compared with the preceding session’s N96.04 per share. Food Concepts Plc improved by 3 Kobo to sell at N2.10 per unit compared with the previous day’s N2.07 per unit, and Central Securities Clearing System (CSCS) Plc gained 2 Kobo to close at N97.52 per share, in contrast to Monday’s closing price of N97.50 per share.

On the flip side, Afriland Properties Plc depreciated during the session by 24 Kobo to settle at N12.51 per unit compared with the previous session’s N12.75 per unit.

The volume of securities executed by market participants in the session jumped by 2,578.55 per cent to 8.0 million units from 289,328 units, the value of securities rose by 17.7 per cent to N29.5 million from the preceding session’s N25.1 million, and the number of deals soared by 18.5 per cent to 32 deals from 27 deals.

Great Nigeria Insurance (GNI) Plc remained the most traded stock by value on a year-to-date basis, with 3.4 billion units sold for N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units valued at N6.5 billion, and CSCS Plc with 81.9 million units exchanged for N6.0 billion.

GNI Plc also closed the day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units traded for N415.7 million.