The NASD Over-the-Counter (OTC) Securities Exchange appreciated by 0.28 per cent on Tuesday, November 18, with the market capitalisation increasing by N6.08 billion to N2.169 trillion from N2.163 trillion, and the NASD Unlisted Security Index (NSI) up by 10.17 points to 3,626.74 points from the 3,616.57 points it ended a day earlier.
The expansion recorded by the local unlisted securities market was buoyed by the gains achieved by three securities, overpowering the loss posted by a sole price decliner.
At the Tuesday session, FrieslandCampina Wamco Nigeria Plc gained N3.23 to close at N54.23 per share compared with the previous day’s N51.00 per share, Air Liquide Plc appreciated by 90 Kobo to settle at N90.90 per unit versus Monday’s closing price of N90.00 per unit, and Central Securities Clearing System (CSCS) Plc advanced by 2o Kobo to close at N41.00 per share, in contrast to the preceding session’s N40.80 per share.
However, the price of Afriland Properties Plc went down during the session by N1.01 to end at N20.12 per unit versus the previous day’s N21.13 per unit.
At the close of business, the volume of securities traded rose by 206.4 per cent to 589,688 units from the previous 192,460 units, the value of securities increased by 260.2 per cent to N27.5 million from N7.6 million, and the number of deals climbed by 46.7 per cent to 22 deals, from 15 deals.
Infrastructure Credit Guarantee Company (InfraCredit) Plc maintained its position as the most traded stock by value on a year-to-date basis with 5.8 billion units worth N16.4 billion, trailed by Okitipupa Plc with 170.3 million units valued at N8.0 billion, and Air Liquide Plc with 507.4 million units sold for N4.2 billion.
InfraCredit Plc also ended as the most traded stock by volume on a year-to-date basis with 5.8 billion units valued at N16.4 billion, followed by Industrial and General Insurance (IGI) Plc with 1.2 billion units transacted for N419.7 million, and Impresit Bakolori Plc with 536.9 million units traded for N524.9 million.