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Gains in Okitipupa, CSCS Push NASD Bourse Higher by 1.11%

Okitipupa Plc

The duo of Okitipupa Plc and Central Securities Clearing System (CSCS) Plc spurred the NASD Over-the-Counter (OTC) Securities Exchange to a 1.11 per cent growth on Tuesday, August 19.

During the session, Okitipupa Plc gained N16.80 to trade at N239.50 per unit versus N227.70 per unit, and CSCS Plc appreciated by N3.20 to close at N48.20 per share compared with the previous day’s N45.00 per share.

However, the price of Industrial and General Insurance (IGI) Plc depreciated by 3 Kobo yesterday to 56 Kobo per unit from the previous session’s 59 Kobo per unit.

At the close of business, the market capitalisation chalked up N23.94 million on Tuesday to quote at N2.171 trillion compared with the preceding day’s N2.147 trillion and the NASD Unlisted Security Index (NSI) increased by 40.00 points to 3,629.09 points from Monday’s 3,589.09 points.

Data showed that the volume of securities contracted by 80.5 per cent to 11.04 million units from 56.7 million units, the value of securities decreased by 56.3 per cent to N77.1 million from N176.3 million, and the number of deals dipped by 54.6 per cent to 15 deals from 33 deals.

Okitipupa Plc ended the day as the most active stock by value on a year-to-date basis with 158.7 million units transacted for N5.9 billion, followed by Air Liquide Plc with 507.2 million units worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 44.0 million units valued at N1.9 billion.

Also, IGI Plc maintained its position as the most traded stock by volume on a year-to-date basis with 1.2 billion units worth N402.1 million, trailed by Impresit Bakolori Plc with 536.9 million units sold for N524.8 million, and Air Liquide Plc with 507.2 million units valued at N4.2 billion.