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Business News

NASD OTC Index Soars 3.23% to 3,689.43 Basis Points

NASD OTC Market

The NASD Over-the-Counter (OTC) Securities Exchange jumped by 3.23 per cent on Thursday, July 31, with the Unlisted Security Index (NSI) rising by 17.23 points to close at 3,689.43 basis points, in contrast to the 3,672.20 basis points it ended a day earlier.

In the same vein, the market capitalisation went up by 1.03 per cent or N10.09 billion to close at N2.160 trillion compared with the N2.150 trillion it quoted at the preceding session.

The market ended with two price losers and three price gainers led by Central Securities Clearing System (CSCS) Plc, which gained N3.60 to end at N58.00 per unit compared with the preceding day’s N54.40 per unit.

Further, NASD Plc increased by N2.72 to close at N29.98 per share compared with midweek’s closing price of N27.26 per share, and Geo-Fluids Plc added 12 Kobo to finish at N4.71 per unit versus Wednesday’s N4.59 per unit.

On the flip side, FrieslandCampina Wamco Nigeria Plc declined by N1.67 to end at N70.35 per share versus N72.02 per share, and Food Concepts Plc lost 14 Kobo to settle at N3.14 per unit, in contrast to the N3.28 per unit it traded a day earlier.

During the trading day, there was a 2,958.9 per cent surge in the volume of securities to 4.7 million units from 152,937 units, there was a 120.3 per cent rise in the value of securities to N26.3 million from N11.9 million, and there was a 57.7 per cent jump in the number of deals to 41 deals from 26 deals.

At the close of business, Okitipupa Plc was the most traded stock by value on a year-to-date basis with 154.1 million units transacted for N4.9 billion, followed by Air Liquide Plc with 507.2 million units worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 42.8 million units valued at 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 worth N354.4 million, trailed by Impresit Bakolori Plc with 536.9 million units traded for N524.8 million, and Air Liquide Plc with 507.2 million units valued at N4.2 billion.