OTC stock market value rises by N11.47bn

The NASD over-the-counter (OTC) stock market closed in positive territory at 1.23% on Monday, December 5.

trade publication reports that FrieslandCampina WAMCO Nigeria Plc contributed to the growth recorded yesterday by the OTC stock market, increasing the value of the bag by N11.47 billion to N945.18 billion from N933.71 billion in the previous session.

Similarly, the improvement in the dairy company’s share price lifted the NASD Unlisted Stock Index (NSI) by 8.73 basis points to 719.31 basis points from 710.58 basis points on Friday. past.

The data showed the company earned N6.71 or 9.30 per cent to close at N72.50 per unit, in contrast to the previous N66.33 per unit.

During the session there was a drop in the volume, value and number of securities traded by investors in the unlisted stock market.

The volume of unlisted securities traded by market participants stood at 38,620 units compared to 2.2 million units traded in the previous session, indicating a drop of 98.2%.

Similarly, the value of shares traded by traders depreciated by 75.7 per cent to N2.2 million from N10.7 million, and the number of trades made on the exchange yesterday plummeted by 40 per cent. to 12 trades of the 20 offers published on the previous trading day.

When the market closed for the day, AG Mortgage Bank Plc remained the most traded stock by volume so far this year, selling 2.3 billion units worth N1.2 billion. Central Securities Clearing System (CSCS) Plc also retained second place with the sale of 687.8 million units valued at N14.3 billion, while Lighthouse Financials Services Plc ranked third with 224.7 million units valued at N112.3 million.

In addition, CSCS Plc maintained its position as the most active stock by value so far this year with sales of 687.8 million units valued at N14.3 billion, followed by VFD Group Plc with sales of 29.1 million. of units worth N7. 700 million, while FrieslandCampina WAMCO Nigeria Plc retained third place with the sale of 16.8 million units valued at 1.9 billion naira.

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