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Business News

OTC Securities Exchange Records 0.07% Gain

Nigerian OTC securities

The NASD Over-the-Counter (OTC) Securities Exchange ended in green territory for the third straight day with a 0.07 per cent gain on Thursday, July 3, raising its market capitalisation by additional N6.98 billion to N1.986 trillion from N1.984 trillion quoted at the preceding session.

In the same vein, the NASD Unlisted Security Index (NSI) increased by 9.92 points to settle at 3,392.00 points, in contrast to the previous session’s 3,389.71 points.

Yesterday, the volume of trades declined by 41.9 per cent to 425,567 units from the previous session’s 733,635 units, the value of transactions slid by 2.5 per cent to N22.9 million from N23.5 million, and the number of deals went up by 70 per cent to 34 deals from 20 deals.

Okitipupa Plc ended the session as the most active stock by value on a year-to-date basis with 153.8 million units valued at N4.9 billion, followed by Air Liquide Plc with 507.2 million units sold for N4.2 billion and FrieslandCampina Wamco Nigeria Plc with 41.4 million units worth N1.7 billion.

Also, Impresit Bakolori Plc was the most active stock by volume on a year-to-date basis with 536.9 million units worth N524.8 million, trailed by Air Liquide Plc with 507.2 million units traded for N4.2 billion, and Geo-Fluids Plc with 268.5 million units valued at N475.9 million.

During the session, Air Liquide Plc gained 91 Kobo to sell at N9.94 per share compared with the preceding day’s N9.03 per share, and Central Securities Clearing System (CSCS) Plc appreciated by 84 Kobo to N31.34 per unit from N30.50 per unit.

However, Okitipupa Plc decreased by N4.55 to settle at N223.19 per share, in contrast to Wednesday’s closing price of N227.74 per share, and FrieslandCampina Wamco Nigeria Plc lost 39 Kobo to trade at N60.48 per unit versus the N60.87 per unit it traded at midweek.