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Alternative Stock Exchange in Nigeria Closes 0.79% Higher

OTC stock

The last trading day of the week at the NASD Over-the-Counter (OTC) Securities Exchange ended bullish on Friday by 0.79 per cent.

The growth was influenced by five securities at the alternative stock exchange in Nigeria, with FrieslandCampina Wamco Nigeria Plc chalking up N3.57 to close at N63.57 per share versus the preceding day’s N60.00 per share.

Further, Mixta Real Estate Plc added 55 Kobo to end at N6.06 per unit versus the preceding day’s N5.51 per unit, Food Concepts Plc appreciated by 19 Kobo to trade at N2.13 per share compared with the N1.94 it traded on Thursday, AG Mortgage Bank Plc rose by 7 Kobo to 90 Kobo per unit from against 83 Kobo per unit, and Geo-Fluids Plc gained 1 Kobo to settle at N3.95 per share versus N3.94 per share.

At the close of business, the market capitalisation went up by N26.29 billion to N1.962 trillion from N1.947 trillion and the NASD Unlisted Security Index (NSI) grew by 26.29 points to 3,351.19 points from 3,324.90 points.

Data showed that Afriland Properties Plc lost N1.77 to sell at N19.40 per unit compared with the previous session’s N21.17 per unit and Air Liquide Plc declined by 94 Kobo to N9.03 per share from N9.97 per share. However, the loss posted by the duo did not affect the outcome of the bourse.

Yesterday, the volume of transactions went down by 25.7 per cent to 221,499 units from the 298,142 units traded a day earlier, the value of trades depreciated by 13.8 per cent to N8.7 million from N7.6 million, and the number of deals remained unchanged at 28 deals.

Impresit Bakolori Plc finished as the most active stock by volume (year-to-date) with 536.9 million units worth N524.8 million, Air Liquide Plc occupied the second spot with 507.2 million units valued at N4.2 billion, and the third was Geo-Fluids Plc with 268.5 million units traded for N475.9 million.

The most active stock by value (year-to-date) was Okitipupa Plc with 153.8 million units sold for N4.9 billion, followed by Air Liquide Plc with 507.2 million units worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 40.9 million units valued at N1.7 billion.

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