The NASD Over-the-Counter (OTC) Securities Exchange extended its stay in the red territory with a 0.05 per cent decline on Wednesday, August 6.
At the close of business, the market capitalisation lost almost N1 billion to finish at N2.152 trillion compared with the preceding day’s N2.153 trillion and the NASD Unlisted Security Index (NSI) declined by 23.33 points to settle at 3,674.53 points, in contrast to the 3,676.68 points it ended a day earlier.
The main trigger of the depreciation witnessed at the unlisted securities exchange was FrieslandCampina Wamco Nigeria Plc, overpowering the gains recorded by three securities at the close of transactions.
The dairy company gave up N4.21 at midweek to trade at N69.82 per share compared with the N74.03 per share it traded on Tuesday.
However, Geo Fluids Plc chalked up 29 Kobo to close at N5.00 per unit versus the previous session’s N4.71 per share, Food Concepts Plc added 20 Kobo to end at N3.43 per share versus N3.23 per share, and Industrial and General Insurance (IGI) Plc gained 3 Kobo to end at 35 Kobo per unit compared with the preceding session’s 32 Kobo per unit.
During the trading day, the volume of trades increased by 2,242.1 per cent to 22.9 million units from the 979,860 units achieved in the preceding day, the value of transactions rose by 11.1 per cent to N29.1 million from N26.2 million, and the number of deals improved by 62.9 per cent to 57 deals from 35 deals.
At the close of business, Okitipupa Plc was the most traded stock by value on a year-to-date basis with 154.2 million units transacted for N5.0 billion, trailed by Air Liquide Plc with 507.2 million units worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 43.6 million units sold for N1.9 billion.
IGI Plc, on its part, was the most traded stock by volume on a year-to-date basis with 1.1 billion units worth N362.0 million, followed by Impresit Bakolori Plc with 536.9 million units traded for N524.8 million, and Air Liquide Plc with 507.2 million units valued at N4.2 billion.