Adedapo Adesanya
By Adedapo Adesanya
There was marginal growth in the value of equities trading at the NASD Over-the-Counter (OTC) Securities Exchange on Thursday, August 12.
The NASD Unlisted Security Index (NSI) increased by 0.04 per cent or 0.31 points to close at 745.88 points against the previous session’s 745.57 points.
Equally, the bourse’s market valuation rose by N270 million to close at N648.30 billion compared with N648.03 billion it closed on Wednesday.
The bullish performance recorded by the unlisted securities market yesterday was as a result of gains in two equities; Nigerian Exchange (NGX) Group Plc and FrieslandCampina WAMCO Nigeria Plc.
NGX Group Plc appreciated during the session by 22 kobo or 1.28 per cent to settle at N17.02 per share compared with the preceding day’s N17.24 per share, while Friesland Plc gained 19 kobo or 0.2 per cent to finish at N122.24 per unit versus N122.05 per unit of the previous day.
However, Central Securities Clearing Systems (CSCS) Plc depreciated yesterday by 7 kobo or 0.4 per cent to close at N16.78 per share in contrast to N16.85 per share it traded a day earlier.
On the level of activity, the volume of securities transacted on Thursday reduced by 80.1 per cent as investors traded 361,990 units against the 1.8 million units achieved at the preceding session.
Also, the value of shares recorded during the trading day went down by 76.1 per cent to N8.9 million from N37.6 million achieved on Wednesday, while the number of deals decreased by 38.1 per cent to 13 deals from 31 deals executed a day earlier.
Furthermore, Geo Fluids Plc closed the session as the most traded stock by volume on a year-to-date basis for exchanging 1.0 billion shares for N700.1 million. NGX Group Plc followed with 387.3 million stocks valued at N8.1 billion, while Food Concepts Plc occupied third place with 294.5 million units worth N385.5 million.
However, NGX Group Plc finished as the most traded stock by value on a year-to-date basis for transacting 387.3 million securities for N8.1 billion. VFD Group Plc trailed for selling 6.3 million securities valued at N2.0 billion, while the third spot was claimed by Niger Delta Exploration and Production (NDEP) Plc, which has sold 3.3 million stocks worth N1.0 billion.
