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Business News

Three Securities Lift NASD OTC Bourse by 0.12%

NASD OTC Market1

The NASD Over-the-Counter (OTC) Securities Exchange returned from the 2025 Democracy Day holiday observed on Thursday with a 0.12 per cent rise on Friday, June 13.

The alternative stock market finished the trading day with a decline in the volume of trades by 93.1 per cent to 230,253 units from the 3.3 million units recorded in the previous trading day, as the value of transactions went down by 29.4 per cent to N9.1 million from N12.9 million, and the number of deals slumped by 15.9 per cent to 37 deals from 44 deals.

Impresit Bakolori Plc ended the day as the most active stock by volume on a year-to-date basis with 536.9 million units worth N524.7 million, followed by Air Liquide Plc with 507.1 million traded at N4.2 billion, and Geo-Fluids Plc with 268.4 million units valued at N475.5 million.

In the same vein, Okitipupa Plc was the most active stock by value on a year-to-date basis with 153.7 million valued at N4.9 billion followed by Air Liquide Plc with 507.1 million traded at N4.2 billion and FrieslandCampina Wamco Nigeria Plc came next with the sale of 39.1 million units valued at N1.6 billion.

Yesterday, Central Securities Clearing System (CSCS) Plc gained N1.70 to close at N29.83 per unit compared with Wednesday’s value of N28.13 per unit, Geo-Fluids Plc appreciated by 35 Kobo to end at N3.85 per share versus midweek’s price of N3.50 per share, and AG Mortgage Bank Plc added 7 Kobo to close at 76 Kobo per unit, in contrast to the preceding day’s 69 Kobo per unit.

On the flip side, FrieslandCampina Wamco Nigeria Plc suffered a decline of N3.53 to settle at N70.84 per share compared with the previous session’s N74.37 per share.

At the close of transactions, the market capitalisation of the bourse increased by N6.45 billion to N1.954 trillion from N1.960 trillion and the NASD Unlisted Security Index (NSI) went up by 11.01 points to 3,341.22 points from previous session’s 3,330.31 points.