By Adedapo Adesanya
The week opened with the bulls retaining their presence on the floor of the NASD Over-the-Counter (OTC) Securities Exchange following a marginal 0.01 per cent rise.
The bullish outcome came on the back of the growth recorded by NASD Plc as its equity went up by 51 kobo or 9.1 per cent to close at N5.61 per unit compared with N5.10 per unit it closed at the previous session.
As a result of this, the NASD unlisted security index (NSI) moved up by 0.07 points to 737.94 points from 737.87 points, while the market capitalisation gained N60 million to wrap the day at N641.40 billion in contrast to the previous day’s N641.34 billion.
Business Post reports that the unlisted securities market recorded price losers yesterday, with the group led by Nigerian Exchange (NGX) Group Plc, while lost N1.30 or 8.7 per cent to close at N14.90 per share in contrast to N16.20 per share of the preceding session.
Central Securities Clearing Systems (CSCS) Plc went down by 11 kobo or 0.7 per cent on Monday to sell for N16.89 per unit versus N17 per unit it traded last Friday, while Food Concepts Plc depreciated by 5 kobo or 6.7 per cent to quote at 75 kobo per share as against the previous closing price of 80 kobo per share.
In terms of the level of activity, investors transacted 8.7 million stocks at the market on Monday, 3,382.1 per cent higher than the 248,620 units transacted last Friday.
Also, the value of the trades rose by 3,183.3 per cent to N102.1 million from N3.1 million, while the number of deals witnessed a 107.1 per cent increase to 29 deals from 14 deals at the previous session.
At the close of trades, Geo Fluids Plc remained as the most active stock by volume (year-to-date) with 1.0 billion units worth N700.1 million, followed by NGX Group Plc with 430.6 million units valued at N8.9 billion, and Food Concepts Plc with 296.2 million units worth N386.9 million.
In terms of value, NGX Group Plc topped the chart for trading 430.6 million units for N8.9 billion. It was trailed by VFD Group Plc for selling 9.4 million units worth N3.1 billion, and FrieslandCampina WAMCO Nigeria Plc with the sale of 8.3 million units for N1.0 billion.