Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a marginal rise of 0.02 per cent to open the week in positive territory on Monday, May 22.
The NASD Unlisted Securities Index (NSI) grew 0.13 points to wrap the session at 715.90 points compared with 716.03 points in the previous session while the sum of N180 million was added to the market capitalisation of the bourse to close the opening session at N990.46 billion from N990.28 billion.
The positive momentum witnessed at the unlisted securities market was supported by the increase in the share price of Afriland Properties Plc by 13 Kobo to N2.63 per unit from the preceding trading day’s value of N2.50.
As for the activity chart, there was a slide in the volume of securities traded at the bourse by investors by 33.9 per cent to 100,394 units from the 151,854 units reported in the previous session.
The value of shares traded at the session dropped to N604,087.34 from the N10.9 million achieved last Friday, indicating a decline of 94.5 per cent.
These transactions were carried out in 11 deals, in contrast to the 13 deals carried out in the previous trading session, representing a decline in the number of deals by 15.4 per cent.
Geo-Fluids Plc remained the most traded stock by volume on a year-to-date basis with 831.9 million units of stocks valued at N1.3 billion, Industrial and General Insurance (IGI) Plc stood in second place with 627.7 units worth N49.4 million, while UBN Property Plc was in third place with 390.9 million units valued at N332.0 million.
In the same vein, VFD Group Plc maintained its spot as the most traded stock by value on a year-to-date basis with the sale of 10.6 million units worth N2.4 billion, it was followed by Geo-Fluids Plc, which has traded 831.9 million units worth N1.3 billion, and FrieslandCampina Wamco Nigeria Plc, which has exchanged 12.3 million units valued at N867.8 million.
