NMRC Triggers Marginal 0.01% Appreciation at NASD Exchange

The NASD Over-the-Counter (OTC) Securities Exchange recorded a marginal rise of 0.01 per cent on Tuesday, March 14, to remain in positive territory.

This saw the NASD Unlisted Securities Index (NSI) grow by 0.04 points at the close of transactions to 729.79 points from the 729.75 points achieved in the previous session, while the market capitalisation of the bourse was jerked higher by N60 million to N958.96 billion from N958.90 billion.

The improvement in the key performance indices of the unlisted securities market was influenced by the day’s single price mover, Nigeria Mortgage Refinance Company (NMRC) Plc, which gained 26 Kobo to close at N5.50 per unit compared with the previous day’s closing value of N5.24 per unit.

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Nmrc triggers marginal 0. 01% appreciation at nasd exchange 2

During the session, there was a rise in the volume of securities traded at the bourse by 187.5 per cent to 30.5 million units from the 10.6 million units quoted at the Monday session.

Similarly, there was a 287.9 per cent increase in the value of shares traded by investors at the session to N114.5 million from the N37.3 million posted a day earlier.

However, the number of deals completed yesterday went down by 40 per cent to nine deals from the 15 deals executed in the preceding trading day.

When trading activities ended, Geo-Fluids Plc was the most traded stock by volume on a year-to-date basis with 425.2 million units valued at N448.5 million, UBN Property Plc stood in second place with 365.8 units worth N309.5 million, while NRMC Plc was in third place with the sale of 25.0 million units valued at N137.5 million.

Also, VFD Group Plc maintained its position as the most active stock by value on a year-to-date basis with a turnover of 7.2 million units valued at N1.7 billion, Geo-Fluids Plc was in second spot with 425.2 million units worth N448.5 million, while UBN Property Plc was in third place with 365.8 million units valued at N309.5 million.

Source: BusinessPost

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