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Business News

NASD Index Opens June With 0.04% Loss

NASD below 700 basis points

The NASD Over-the-Counter (OTC) Securities Exchange opened the month of June in red as it recorded a 0.04 per cent drop on Monday, June 2.

This brought down the NASD Unlisted Security Index (NSI) by 1.25 points to 3,246.75 points from the previous session’s 3,248.00 points, as the market capitalisation remained relatively unchanged at N1.901 trillion despite giving up N750 million at the close of transactions.

The number of deals recorded during the session rose by 230 per cent to 33 deals from the 10 deals completed last Friday, the volume of securities traded by investors went up by 324.8 per cent to 360,218 units from the 84,808 units transacted in the previous trading day, and the value of securities transacted increased by 1,238.3 per cent to N16.9 million from N1.3 million.

Yesterday, FrieslandCampina Wamco Nigeria Plc went down by N5.51 to quote at N60.68 per share, in contrast to the precceding session’s N55.17 per share.

However, Central Securities Clearing System (CSCS) lost N2.21 to trade at N24.49 per unit versus N26.80 per unit, UBN Property Plc depreciated by 7 Kobo to end at N2.18 per share compared with the previous day’s N2.25 per share, and First Trust Mortgage Bank Plc tumbled by 1 Kobo to sell at 58 Kobo per unit versus 59 Kobo per unit.

At the close of trades, Impresit Bakolori Plc remained the most active stock by volume on a year-to-date basis with a turnover of 536.9 million units worth N524.7 million, followed by Air Liquide Plc with 507.1 million traded at N4.2 billion, and Geo-Fluids Plc with 268.2 million units valued at N475.1 million.

In the same vein, Okitipupa Plc retained its position as the most active stock by value on a year-to-date basis with the sale of 153.6 million units valued at N4.9 billion, trailed by Air Liquide Plc with 507.1 million worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 38.1 million units sold for N1.5 billion.