By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed the midweek session with a 0.02 per cent rise, resulting in the market capitalisation increasing by N160 million to remain relatively unchanged at N1.048 trillion.
As for the NASD Unlisted Security Index (NSI), it improved yesterday by 0.48 points to end the day at 2,990.30 points as against 2,989.82 points it recorded at the previous session.
Business Post reports that the market breadth index was flat after the alternative stock market finished with two price gainers and two price losers on Wednesday.
The value of Nipco Plc went up by N13.09 at the close of trading activities to N143.99 per unit from the N130.90 per unit it traded a day earlier and NASD Plc appreciated by 31 Kobo to settle at N15.51 per share compared with Tuesday’s closing price of N15.20 per share.
On the flip side, Geo-Fluids Plc went down by 28 Kobo during the trading day to sell for N3.66 per unit versus the previous day’s N3.84 per unit, and Central Securities Clearing System (CSCS) Plc declined by 25 Kobo to close at N20.00 per share, in contrast to the N20.25 per share it traded a day earlier.
Yesterday, the volume of stocks bought and sold at the NASD OTC exchange decreased by 86.2 per cent to 410,600 units from the 2.9 million units transacted at the last session.
However, the value of securities traded by the market participants increased by 405.1 per cent to N5.96 million from N1.18 million and the number of deals slightly grew by 7.7 per cent to 14 deals from the 13 deals carried out in the preceding trading session.
At the close of business, Geo-Fluids Plc was the most transacted stock by volume (year-to-date) with 1.6 billion units worth N3.9 billion, followed by Okitipupa Plc with 752.2 million units sold for N7.8 billion, and Afriland Properties Plc with 297.3 million units valued at N5.3 million.
Also, Aradel Holdings Plc remained the most traded stock by value (year-to-date) with 108.7 million units valued at N89.2 billion, trailed by Okitipupa Plc with 752.2 million units worth N7.8 billion, and Afriland Properties Plc with 296.7 million units sold for N5.3 billion.