Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed in the positive zone on Friday, July 23 following a 0.24 per cent growth.
This pushed the total value of the local unlisted securities market higher by N2.13 billion to N1.010 trillion at the close of business from the previous day’s N1.008.
Consequently, the NASD Unlisted Securities Index (NSI) increased by 1.83 points to wrap the session at 766.92 points compared with 765.09 points recorded in the previous session.
The market breadth, on its part, closed at equilibrium as there was no single price gainer or price loser when the exchange closed for the day.
However, the level of activity improved during the session as traders saw the need to take up some securities that could fetch them better earnings in the coming days and weeks.
It was observed that a total of 3.0 million stocks were transacted during the session, 813.3 per cent higher than the 333,659 stocks traded a day earlier.
Also, the value of shares transacted by investors yesterday appreciated by 131.8 per cent to N45.6 million from the preceding session’s N19.7 million while the number of deals depreciated by 28.6 per cent to 10 deals from 13 deals.
AG Mortgage Plc remained the most traded stock by volume on a year-to-date basis with the sale of 2.3 billion units of its stocks valued at N1.2 billion, while Central Securities Clearing System (CSCS) Plc stood in second place with a turnover of 682.2 million units of its shares worth N14.2 billion, with Food Concepts Plc in third place with the sale of 146.5 million units of its securities valued at N127.2 million.
CSCS Plc also topped the chart as the most active stock by value on a year-to-date basis with 682.2 million units worth N14.2 billion, VFD Group Plc was in second place with 11.1 million units valued at N3.3 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 13.4 million units worth N1.6 billion.
