Business News

MRS Oil, Three Others Lift NASD Exchange by 0.70%

NASD OTC

The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.70 per cent on Monday, June 22, buoyed by four price gainers led by MRS Oil Plc, which gained N7.77 to sell at N150.00 per share compared with the previous session’s N142.33 per share.

Further, Central Securities Clearing System (CSCS) Plc appreciated by N2.05 to trade at N79.82 per unit versus last Friday’s N77.77 per unit, FrieslandCampina Wamco Nigeria Plc added N2.14 to close at N172.14 per share compared with the previous N170.00 per share, and First Trust Mortgage Bank Plc grew by 22 Kobo to N2.49 per unit from N2.27 per unit.

As a result of the gains by these four securities, the market capitalisation of the platform increased by 17.87 billion to N2.570 trillion from N2.552 trillion, and the NASD Unlisted Security Index (NSI) improved by 27.98 points to 4,282.51 points from 4,252.73 points.

The volume of securities transacted by market participants during the session decreased by 65.4 per cent to 330,034 units from the previous 954,106 units, the value of securities depleted by 23.4 per cent to N32.7 million from the preceding session’s N42.7 million, and the number of deals retreated by 45.7 per cent to 19 deals from the 35 deals recorded in the previous trading session.

At the close of business, Great Nigeria Insurance (GNI) Plc was the most traded stock by value on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units sold for N6.5 billion, and CSCS Plc with 68.1 million units exchanged for N4.7 billion.

GNI Plc also ended the trading day as the most traded stock by volume on a year-to-date basis, with the sale of 3.4 billion units worth N8.4 billion, the second spot was taken by Infracredit Plc with 2.3 billion units valued at N6.5 billion, and the third spot was occupied by Resourcery Plc with a turnover of 1.1 billion units worth N415.7 million.