Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.18 per cent gain to open the week in positive territory on Monday, December 4, with the unlisted security index rising by 1.59 points to end the day at 862.40 points compared with last Friday’s closing value of 860.81 points.
The improvement recorded by the bourse yesterday raised the value of the unlisted stock exchange by N2.5 billion to close at N1.169 trillion, in contrast to the preceding session’s N1.166 trillion.
The gain posted by the bourse was driven by the N13.70 added to the share price of 11 Plc, closing at N160.00 per unit versus last Friday’s closing price of N146.30 per unit.
Business Post reports that yesterday, FrieslandCampina Wamco Nigeria Plc suffered a loss of N1.43 to quote at N72.67 per share compared with the previous day’s N74.10 per share.
According to trading data, there was a decline in the volume of securities traded at the bourse by investors by 98.0 per cent to 25,660 units from 1.3 million units, the value of shares bought and sold went down by 4.5 per cent to N4.3 million from N4.5 million, and the number of deals went down by 41.7 per cent to seven deals from the 12 deals carried out in the preceding trading day.
Central Securities Clearing System (CSCS) Plc, with a turnover of 1.2 billion units of stocks valued at N22.4 billion, ended as the most traded stock by volume on a year-to-date basis. UBN Property Plc was in second place with 1.1 million units worth N1.2 billion, and Geo-Fluids Plc stood in third place with 704.4 units valued at N1.3 billion.
The most transacted stock by value on a year-to-date basis was CSCS Plc with the sale of 1.2 billion units worth N22.4 billion, VFD Group followed with 26.6 million units valued at N5.9 billion, and Aradel Holdings Plc was in third place with 7.8 million units worth N3.1 billion.
