NASD OTC Rise 0.21% as Index Hits 3,003.11 Points

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.21 per cent on Wednesday, with the index crossing the 3,000-point threshold against.

Yesterday, the NASD Unlisted Security Index (USI) appreciated by 6.35 points to wrap the session at 3,003.11 points compared with the 2,996.76 points recorded in the previous session.

Similarly, the market capitalisation of the bourse increased at the close of business by N2.23 billion to finish at N1.052 trillion compared with the preceding day’s N1.050 trillion.

The bourse recorded two price gainers and one price loser, according to data obtained by Business Post.

Okitipupa Plc appreciated by N1.85 to sell at N20.30 per unit versus Tuesday’s closing price of N18.45 per unit, and Central Securities Clearing System (CSCS) Plc improved by 27 Kobo to end the session at N23.27 per share versus the preceding closing rate of N23.00 per share.

However, Geo-Fluids Plc slipped by 1 Kobo to sell at N3.95 per unit, in contrast to the N3.96 per unit it was transacted a day earlier.

At midweek, the volume of securities traded by investors went up by 1,094 per cent to 3.4 million units from the 228,535 units recorded in the preceding session.

In the same vein, the value of securities bought and sold by the market participants increased by 96.2 per cent to N15.9 million from the N8.1 million achieved on Tuesday.

However, the number of deals completed during the trading session retreated by 11.8 per cent to 15 deals from the 17 deals carried out in the preceding trading day.

At the close of business, Geo-Fluids Plc remained the most traded equity by volume (year-to-date) with 1.6 billion units valued at N3.8 billion, trailed by Okitipupa Plc with 751.3 million units worth N7.7 billion, and Afriland Properties Plc with 296.6 million units sold for N5.3 million.

Also, Aradel Holdings Plc remained the most active equity by value (year-to-date) with 108.7 million units sold for N89.2 billion, followed by Okitipupa Plc with 751.3 million units valued at N7.7 billion, and Afriland Properties Plc with 296.6 million units worth N5.3 billion.