Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange ended in the green region on Monday, April 20, with a 0.54 percent growth.
The day’s bullish result was spurred by securities depository company, Central Securities Clearing Systems (CSCS) Plc, added 55 kobo to its share price at the first trading session of the week to close at N13.55 per share in contrast to N13 per share it closed the day previous session.
The stock ended the session as the only gainer, driving the market capitalisation up by N2.75 billion to N515.64 billion from N512.89 billion.
In the same vein, it supported the 3.75 points gained by the NASD Unlisted Security Index (NSI), which moved up to 701.97 points from 698.22 points it was at the previous session.
During the session, the volume of securities transacted by investors yesterday increased by 152 percent to 138,800 units from 55,100 units last Friday, but the value decreased by 67 percent or 4.02 million to N1.88 million from N5.9 million.
Also, the number of deals executed by market participants depreciated by 67 percent as only a single deal was carried out at the session. This lone deal was done by the day’s only advancer, CSCS Plc.
At the close of business, ARM Life Plc closed as the most active stock at the market (year-to-date) with 7.4 billion units of its shares traded for N4.6 billion. Food Concept Plc was in second place with 110 million units worth N77 million, while Lighthouse Financial Services Plc held the third position with 48 million units of its shares worth N24 million.
As the most traded stock by value (year-to-date), ARM Life Plc maintained the top position after trading 7.4 billion units of its securities valued at N4.6 billion. This company was trailed by Nigeria Delta Exploration and Production (NDEP) Plc, which has sold 6.5 million units for N2.03 billion, while the day’s advancer, CSCS, has exchanged 24.2 million units of its securities valued at N287 million.
