Business News

Nipco, Three Others Buoy NASD OTC Bourse by 0.61%

NASD OTC

Four price gainers buoyed the NASD Over-the-Counter (OTC) Securities Exchange by 0.61 per cent on Tuesday, April 14, with the market capitalisation growing by N14.11 billion to N2.334 trillion from N2.320 trillion, and the Unlisted Security Index (NSI) increasing by 23.57 points to 3,902.42 points from the previous day’s 3,878.83 points.

During the trading session, Nipco Plc went up by N31.00 to close at N344.oo per unit compared with the previous session’s N313.00 per unit, Okitipupa Plc appreciated by N20.00 to N280.00 per share from N300.00 per share, MRS Oil Plc improved by N16.40 to N180.40 per unit from N164.00 per unit, and Central Securities Clearing System (CSCS) Plc advanced by N2.50 to N65.55 per share from N63.04 per share.

Business Post reports that the NASD OTC bourse posted a sole price decliner yesterday, which was FrieslandCampina Wamco Nigeria Plc. It lost N9.89 to trade at N90.00 per unit versus N99.89 per unit.

The volume of securities traded by investors decreased by 97.9 per cent to  55,546 units from 2.6 million units, the value of securities declined by 73.4 per cent to N8.3 million from N31.2 million, and the number of deals dipped by 45.95 per cent to 20 deals from 37 deals.

Great Nigeria Insurance (GNI) Plc finished the day as the most traded stock by value on a year-to-date basis with 3.4 billion units worth N8.4 billion, followed by CSCS Plc with 57.6 million units transacted for N3.9 billion, and Okitipupa Plc with 27.6 million units traded at N1.8 billion.

GNI Plc also closed the session as the most traded stock by volume on a year-to-date basis with 3.4 billion units valued at N8.4 billion, trailed by Resourcery Plc with 1.1 billion units sold for N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units exchanged for N1.2 billion.

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