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Five Stocks Buoy NASD OTC Exchange Market Cap to N2.2trn

NASD OTC Market

Five stocks spurred a 0.96 per cent boost for the NASD Over-the-Counter (OTC) Securities Exchange on Tuesday, October 21.

11 Plc continued it’s positive run during the trading day with a further increase of N35.93, closing at N395.30 per share compared with the previous day’s value of N359.37 per share.

Further, FrieslandCampina Wamco Nigeria Plc appreciated by N5.68 to end at N69.50 per unit versus Monday’s closing price of N63.82 per unit, NASD Plc rose by N2.90 to close at N31.90 per share compared with the preceding session’s N29.00 per share, Central Securities Clearing System (CSCS) Plc gained 5 Kobo to close at N44.95 per unit versus the previous day’s N45.00 per unit, and Industrial and General Insurance (IGI) Plc added 4 Kobo to end at 51 Kobo per share, in contrast to the preceding day’s value of 47 Kobo per share.

The gains recorded by the quartet added N20.88 billion to the market capitalisation of the trading platform to close at N2.2 trillion compared with Monday’s value of N2.176 trillion, and the NASD Unlisted Security Index (NSI) expanded by 35.00 points to 3,678.22 points from the previously quoted 3,643.22 points.

Yesterday, there were two price losers led by Food Concepts Plc, which lost 17 Kobo to end at N2.92 per unit versus N3.09 per unit, and UBN Property Plc weakened by 16 Kobo to N1.99 per share from N2.15 per share.

During the session, the volume of securities traded jumped by 7.3 per cent to 1.3 million units from the previous 1.2 million units, the value of securities surged by 946.9 per cent to N213.6 million from N20.4 million, and th number of deals rose by 38.1 per cent to 29 deals from 21 deals.

Okitipupa Plc was the most traded stock by value on a year-to-date basis with 165.2 million units transacted for N7.1 billion, followed by Air Liquide Plc with 507.3 million units worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 45.8 million units valued at N2.0 billion.

Industrial and General Insurance (IGI) Plc maintained its position as the most traded stock by volume on a year-to-date basis with 1.2 billion units worth N419.2 million, trailed by Impresit Bakolori Plc with the sale of 536.9 million units for N524.8 million, and Air Liquide Plc with 507.3 million units valued at N4.2 billion.

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