By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange improved by 0.12 per cent on Wednesday, September 20, with the unlisted securities index expanding by 1.00 points to end the day at 806.29 points as against the 805.29 points it recorded at the previous session.
During the trading day, the market capitalisation of the alternative stock exchange increased by N1.42 billion to close at N1.139 trillion compared with Tuesday’s closing value of N1.138 trillion.
It was observed that the bulls overcame the bears on Wednesday, with the bourse closing with three price gainers and two price losers.
Aradel Holdings Plc gained N35.38 to sell at N600.09 per share compared to the preceding day’s N564.71 per share, Geo-Fluids rose by 7 Kobo to close at N2.83 per unit versus Tuesday’s N2.90 per unit, and Central Securities Clearing System (CSCS) Plc appreciated by 1 Kobo to end at N17.51 per unit versus N17.50 per unit.
Inversely, FrieslandCampina Wamco Nigeria Plc lost N3.29 to close the day at N72.20 per share compared with the previous day’s N75.49 per share, and First Trust Microfinance Bank declined by 4 Kobo to sell at 43 Kobo per unit, in contrast to the previous day’s 47 Kobo per unit.
Yesterday, there was a rise in the volume of securities traded at the bourse by 3,219.9 per cent to 16.6 million units from 501,437 units on Tuesday, there was also a growth in the value of transactions by 675.6 per cent to N74.2 million from N9.6 million, and the number of deals rose by 640 per cent to 37 deals from the five deals posted a day earlier.
CSCS Plc remained the most traded stock by volume (year-to-date) after selling 1.1 billion units worth N22.2 billion, UBN Property Plc was in second place with 944.2 million units valued at N939.7 million, and Geo-Fluids Plc stood in third place with 657.2 units worth N1.2 billion.
CSCS Plc also finished the day as the most traded stock by value (year-to-date) after transacting 1.1 billion units valued at N22.2 billion, VFD Group has exchanged 26.5 million units worth N5.9 billion, and Aradel Plc has traded 6.2 million units for N2.2 billion.
Modupe Gbadeyanka