Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange appreciated by 0.42 per cent on Tuesday, July 4, following a rise in the share price of Niger Delta Exploration and Production (NDEP) Plc.
The oil and gas firm strengthened its value at the close of transactions yesterday by N24.50 to N300.00 per unit, in contrast to the preceding session’s N275.50 per unit.
This supported the growth reported by the unlisted securities market on Tuesday, as the NASD Unlisted Securities Index (NSI) increased to 762.91 points, as the market capitalisation of the bourse grew to N1.055 trillion.
Data obtained from the NASD OTC exchange showed that the activity chart was mixed as the trading volume went down by 98.0 per cent to 106,250 units, while the trading value increased by 11.7 per cent to N20.3 million, and the number of deals improved by 84.6 per cent to 24 deals.
Further analysis showed that Central Securities Clearing System (CSCS) Plc closed the trading day as the most traded stock by volume on a year-to-date basis with a turnover of 2.2 billion units valued at N42.3 billion, followed by Geo-Fluids Plc with the sale of 847.9 units for N1.4 billion, and Industrial and General Insurance (IGI) Plc with the sale of 630.1 million units valued at N49.6 million.
The most traded stock by value on a year-to-date basis was also CSCS Plc for exchanging 2.2 billion units worth N42.3 billion, followed by VFD Group with the sale of 19.4 million units worth N4.4 billion, and Geo-Fluids Plc with a turnover of 847.9 million units valued at N1.4 billion.
