NASD Index Declines Further by 0.14%

This arose from the decline in the share prices of two securities on the trading platform, which overturned the gains posted by three stocks at the close of transactions.

Central Securities Clearing System (CSCS) Plc depreciated yesterday by 58 Kobo to close at N21.70 per unit versus N22.28 per unit and Acorn Petroleum Plc dropped 2 Kobo to finish at N1.38 per share compared with the preceding day’s N1.40 per share.

On the flip side, First Trust Microfinance Plc rose by 5 Kobo to trade at 52 Kobo per unit versus 47 Kobo per unit, Geo-Fluids Plc added 4 Kobo to settle at N4.42 per share versus N4.38 per share, and FrieslandCampina Wamco jumped by 7 Kobo to N39.01 per unit from N38.94 per unit.

When the market closed for the session, the market capitalisation of the exchange went down by N2.4 billion to N1.766 trillion from N1.769 trillion and the NASD Unlisted Security Index (NSI) decreased by 4.24 points to 3,118.81 points from the 3,123.05 points quoted at the last session.

There was a 32.6 per cent drop in the volume of securities traded during the session at the bourse to 1.1 million units from 1.7 million units, there was also a decline of 61.7 per cent in the value of securities bought and sold by investors to N16.9 million from N44.1 million, and the number of deals increased by 19.4 per cent to 37 deals from 31 deals.

Impresit Bakolori Plc was the most active stock by value (year-to-date) with 406.5 million units sold for N386.1 million, followed by FrieslandCampina Wamco Nigeria Plc with 4.3 million units valued at N170.4 million, and Geo-Fluids Plc with 9.1 million units worth N44.3 million.

Impresit Bakolori Plc was also the most active stock by volume (year-to-date) with 406.5 million units worth N386.1 million, trailed by Industrial and General Insurance (IGI) Plc with 26.3 million units sold for N6.3 million, and Geo-Fluids Plc with 9.2 million units valued at N44.3 million.