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Business News

Okitipupa, CSCS Expand NASD OTC Exchange by 0.71%

NASD OTC Market1

The duo of Okitipupa Plc and Central Securities Clearing Systems (CSCS) Plc raised the NASD Over-the-Counter (OTC) Securities Exchange by 0.71 per cent on Friday, November 21.

During the session, the price of Okitipupa Plc went up by N23.69 to N234.60 per share from N213.32 per share and CSCS Plc improved its value by 97 Kobo to N39.02 per unit from N38.05 per unit.

At the close of business, the market capitalisation of the bourse increased by N15.30 billion to N2.157 billion from N2.157 trillion, and the NASD Unlisted Security Index (NSI) expanded by 25.58 points to 3,631.52 points from the 3,605.94 points it ended a day earlier.

Business Post reports that the price of Industrial and General Insurance (IGI) Plc was down during the trading day by 1 Kobo to sell at 40 Kobo per share, in contrast to the 41 Kobo per share it finished on Thursday.

Yesterday, the volume of securities traded at the session shrank by 18.0 per cent to 935,331 units from the previous day’s 1.14 million units, the value of securities decreased by 82.6 per cent to N3.9 million from N22.5 million, and the number of deals depreciated by 31.6 per cent to 13 deals from the 19 deals quoted on Thursday.

When trading activities ended for the trading session, Infrastructure Credit Guarantee Company (InfraCredit) Plc was the most traded stock by value on a year-to-date basis with 5.8 billion units valued at N16.4 billion, followed by Okitipupa Plc with 170.3 million units transacted for N8.0 billion, and Air Liquide Plc with 507.4 million units worth N4.2 billion.

Also, InfraCredit Plc was the most active stock by volume on a year-to-date basis with a turnover of 5.8 billion units worth N16.4 billion, trailed by Industrial and General Insurance (IGI) Plc with the sale of 1.2 billion units for N419.7 million, and Impresit Bakolori Plc with 536.9 million units traded for N524.9 million.