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NASD OTC Exchange Rallies by 0.33%

NASD OTC stock

The NASD Over-the-Counter (OTC) Securities Exchange closed the week 0.33 per cent higher on Friday, August 1, supported by three price rises, which neutralised the loss posted by two stocks.

Central Securities Clearing System (CSCS) Plc gained N2.00 during the session to end at N60.00 per unit compared with the preceding session’s N58.00 per unit, Nipco Plc expanded by N1.00 to settle at N241.00 per share versus Thursday’s price of N240.00 per share, and FrieslandCampina Wamco Nigeria Plc increased by 3 Kobo to N70.38 per unit from N70.35 per unit.

On the flip side, Okitipupa Plc depreciated by N6.09 to trade at N238.50 per share compared with the N244.59 per share it quote a day earlier, and First Trust Mortgage Bank Plc lost 1 Kobo to settle at 62 Kobo per unit, in contrast to the 63 Kobo per unit it was priced the previous day.

When trading closed for the session, the NASD Unlisted Security Index (NSI) chalked up 12.24 points to 3,701.67 points from 3,689.43 points, and the market capitalisation added N7.17 billion to close at N2.167 trillion compared with the N2.160 trillion it ended on Thursday.

There was a 89.4 per cent decrease in the volume of securities to 494,568 units from the 4.7 million units posted a day earlier, the number of deals slipped by 34.2 per cent to 27 deals from 41 deals, and the value of securities increased by 64.3 per cent to N43.3 million from N26.3 million.

Okitipupa Plc closed as the most traded stock by value on a year-to-date basis with 154.2 million units valued at N5.0 billion, Air Liquide Plc occupied the second spot with 507.2 million units sold for N4.2 billion, and the third position was claimed by FrieslandCampina Wamco Nigeria Plc with 43.1 million units sold for N1.8 billion.

Also, Industrial and General Insurance (IGI) Plc was the most traded stock by volume on a year-to-date basis with 1.1 billion units traded for N354.4 million, followed by Impresit Bakolori Plc with 536.9 million units transacted for N524.8 million, and Air Liquide Plc with 507.2 million units valued at N4.2 billion.