The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.08 per cent rise on Wednesday, December 4 lifted by the appreciation in the stock price of Acorn Petroleum Plc.
This increased the market capitalisation of the OTC securities market by N840 million to N1.058 trillion from the N1.057 trillion it closed a day earlier, as the NASD Unlisted Security Index (NSI) recorded a growth of 2.41 points to end the day at 3,019.54 points as against 3,017.13 points recorded at the previous session.
The midweek session’s sole gainer was Acorn Petroleum Plc as it added 15 Kobo to close at N1.69 per unit compared with the previous session’s price of N1.54 per unit.
But the share price of Impresit Bakolori Plc depreciated yesterday by 5 Kobo at the close of business to trade at 45 Kobo per unit compared with Tuesday’s closing price of 50 Kobo per unit.
The volume of securities traded at the bourse witnessed a surge as investors exchanged 127.5 million units, which is 166,837.5 per cent higher than the 76,362 units transacted in the preceding trading day.
Equally, the value of securities bought and sold by the market participants increased at midweek by 39,385.8 per cent to N58.2 million from the N147,593 recorded in the previous trading session.
Business Post reports that these trades were carried out in 20 deals versus the two deals completed in the preceding day, indicating a rise of 900 per center.
At the close of transactions, Geo-Fluids Plc was the most active stock by volume (year-to-date) with 1.7 billion units sold for N3.9 billion, trailed by Okitipupa Plc with 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with 297.3 million units worth N5.3 million.