Business News

OTC Exchange Rises 1.17% Amid High Trading Volume

Nigerian OTC securities

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.2 per cent appreciation on Friday, May 17 amid a large trading activity that saw three price gainers and four price losers. The market capitalisation of the OTC exchange jumped by N19.85 billion during the trading day to N1.720 trillion from N1.700 trillion and the NASD Unlisted Security Index (NSI) rose by 14.49 points to wrap the session at 1,256.02 points compared with 1,24.53 points recorded at the previous session. It was observed that the volume of transactions recorded yesterday surged by 26,909.7 per cent to 70.6 million units