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Five Securities Buoy NASD Index by 0.94%

NASD Unlisted Securities

The gains recorded by five stocks on the NASD Over-the-Counter (OTC) Securities Exchange boosted the platform by 0.94 per cent on Monday, July 21, with the market capitalisation closing higher by N9.88 billion to N2.052 trillion from the N2.042 trillion it finished at the previous session.

In the same vein, the NASD Unlisted Security Index (NSI) was up at the close of business by 16.88 points to 3,505.62 points from the previous trading day’s 3,488.74 points.

The bourse finished in the green territory during the session despite the share prices of two securities ending in red, with Okitipupa Plc dropping N19.50 to sell at N220.00 per unit versus last Friday’s closing price of N239.50 per unit and Lagos Building Investment Company (LBIC) Plc shedding 4 Kobo to settle at N3.08 per share, in contrast to the N3.12 per share it was sold in the preceding session.

Business Post reports that FrieslandCampina Wamco Nigeria Plc gained N4.50 to close at N65.50 per unit versus N61.00 per unit, Central Securities Clearing System (CSCS) Plc added N1.96 to end at N39.96 per share versus N38.00 per share, AG Mortgage Plc appreciated by 9 Kobo to 99 Kobo per unit from 90 Kobo per unit, UBN Property Plc increased by 8 Kobo to N2.10 per share from N2.02 per share and Afriland Properties Plc expanded by 1 Kobo to N17.51 per unit from N17.50 per unit.

The volume of securities traded at the bourse yesterday surged by 219.1 per cent to 401.7 million units from the units recorded on Friday, the number of deals executed at the opening session of the week increased by 62.5 per cent to 39 deals from 24 deals, while the value of securities transacted went down by 64.1 per cent to N144.8 million from the N403.1 million quoted at the preceding session.

Impresit Bakolori Plc was the most active stock by volume on a year-to-date basis with 536.9 million units worth N524.8 million, trailed by Air Liquide Plc with 507.2 million units sold for N4.2 billion, and Geo-Fluids Plc with 277.2 million units traded for N516.3 million.

Okitipupa Plc also remained the most traded stock by value on a year-to-date basis with 153.9 million units transacted for N4.9 billion, followed by Air Liquide Plc with 507.2 million units worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 42.3 million units valued at N1.8 billion.

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