The NASD Over-the-Counter (OTC) Securities Exchange depreciated by 0.54 per cent on Friday, October 10 as result of losses posted by three stocks on the trading platform.
The culprits were the trio of Central Securities Clearing System (CSCS) Plc, Food Concepts Plc, and Acorn Petroleum Plc.
CSCS Plc lost N1.13 to close at N28.20 per unit compared with the previous day’s N29.33 per unit, Food Concepts Plc declined by 29 Kobo to N3.09 per share from N3.38 per share, and Acorn Petroleum Plc weakened by 1 Kobo to N1.30 per unit from N1.31 per unit.
Consequently, the market capitalisation depleted by N11.30 billion to close at N2.065 trillion, in contrast to the N2.076 trillion it quoted at the preceding session, and the NASD Unlisted Security Index (NSI) deflated by 18.88 points to 3,451.40 points from the previous session’s 3,470.28 points.
During the session, the price of UBN Property Plc went up by 19 Kobo to N2.17 per share from N1.98 per share, FrieslandCampina Wamco Nigeria Plc rose by 11 Kobo to N58.80 per unit from N58.69 per unit, and AG Mortgage Bank Plc appreciated by 10 Kobo to end at N1.19 per share versus the preceding day’s N1.09 per share.
The volume of securities traded at the final session of the week increased by 50.3 per cent to 2.3 million units from the previous 1.5 million units, the value of securities jumped by 3,992.5 per cent to N357.3 million from N8.7 million, and the number of deals went up by 23.8 per cent to 26 deals from 21 deals.
Okitipupa Plc ended the day as the most traded stock by value on a year-to-date basis with 160.2 million units transacted for N6.2 billion, followed by Air Liquide Plc with 507.3 million units worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 45.3 million units traded for N2.0 billion.
Industrial and General Insurance (IGI) Plc ended the session as the most traded stock by volume on a year-to-date basis with 1.2 billion units valued at N419.2 million, trailed by Impresit Bakolori Plc with 536.9 million units sold for N524.8 million, and Air Liquide Plc with 507.3 million units valued at N4.2 billion.