The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.04 per cent appreciation on Tuesday, October 7, after the price of 11 Plc closed higher by N24.56 to N270.19 per share from N245.63 per share.
This raised the NASD Unlisted Security Index (NSI) by 1.43 points to 3,474.33 points from the 3,472.90 points it ended on Monday, with the market capitalisation growing by N860 million to N2.078 trillion from the preceding session’s N2.077 trillion.
The NASD OTC bourse was in green yesterday despite the share prices of two securities on the platform depleting due to profit-taking by investors. Data showed that Nipco Plc lost N29.04 to close at N261.36 per unit versus Monday’s closing price of N290.40 per unit, and Central Securities Clearing System (CSCS) Plc gave up 51 Kobo to end at N30.33 per share compared with the previous day’s N30.84 per share.
The alternative stock exchange was dull yesterday in terms of the activity level, as the volume of transactions decreased by 90.7 per cent to 198,730 units from the previous 2.1 million units, but the value of trades soared by 319.2 per cent to N16.9 million from N4.05 million, and the number of deals increased by 250 per cent to 28 deals from eight deals.
At the close of business, Industrial and General Insurance (IGI) Plc was still the most active stock by volume on a year-to-date basis with 1.2 billion units worth N418.6 million, trailed by Impresit Bakolori Plc with 536.9 million units valued at N524.8 million, and Air Liquide Plc with 507.3 million units valued at N4.2 billion.
Also, Okitipupa Plc remained the most active stock by value on a year-to-date basis with 160.2 million units transacted for N6.2 billion, followed by Air Liquide Plc with 507.3 million units traded for N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 45.3 million units worth N2.0 billion.