Nigerian over-the-counter securities rise by 0.38%

Bisola David
Bisola David
Aradel Holdings, two others increase NASD OTC bourse by 1.13%

The market capitalization of the NASD Over-the-Counter Securities Exchange increased by N4.13 billion, or 0.38 percent, on Monday, August 14, from the N1.090 trillion it ended last Friday to N1.094 trillion.

The NASD Unlisted Securities Index, which ended the day at 791.05 points as opposed to the 788.07 points it had concluded at the end of the previous session, also increased during the day by 2.98 points.

Food Concepts Plc increased by 9 Kobo to finish at 99 Kobo per share versus 90 Kobo per share, and UBN Property Plc increased by 8 Kobo to finish at N1.18 per share versus N1.10 per share. FrieslandCampina Wamco Plc increased its value by N1.94 to close at N75.94 per unit compared to last Friday’s value of N74.00 per unit.

Central Securities Clearing System Plc, on the other hand, suffered a 50 Kobo loss and ended the trading session with a share price of N17.50 instead of N18.00.

The volume of securities traded during the session increased by 29,763.4% as investors traded 23.7 million units as opposed to the 79,287 units traded during the previous trading session. The value of shares traded at the bourse also increased by 537.9% to N195.1 million from N30.6 million, and the number of deals increased by 156.3% to 31 deals from 12 deals.

On a year-to-date basis, CSCS Plc had the highest volume of traded shares with 1.1 billion units sold for N21.4 billion. Geo-Fluids was second with a turnover of 631.0 units worth N1.1 billion, and Industrial and General Insurance Plc was third with 623.8 million units sold for N49.7 million.

With 1.1 billion units valued at N21.4 billion, CSCS Plc ended the trading session as the most actively traded stock (year to date). VFD Group came in second place with 26.4 million units worth N5.9 billion and FrieslandCampina Wamco Plc. came in third place with 18.7 million units worth N1.3 billion.

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