The NASD Over-the-Counter (OTC) Securities Exchange closed the last trading day of the week lower by 0.45 per cent on Thursday, September 4. It means the alternative stock market did not post a gain in the week.
The loss recorded yesterday reduced the market capitalisation by N11.54 billion to N2.133 trillion from the N2.142 trillion quoted on Wednesday and the NASD Unlisted Security Index (NSI) went down by 15.94 points to 3,565.46 points from 3,581.40 points.
There were four price decliners and two price gainers at the unlisted securities market yesterday. The market is closed for business on Friday due to a public holiday declared by the federal government for Eid-ul-Mawlid.
FrieslandCampina Wamco Nigeria Plc declined by N3.75 to N58.00 per share from N61.75 per share, Afriland Properties Plc shrank by 85 Kobo to N19.00 per unit from N19.85 per unit, NASD Plc fell by 35 Kobo to N29.45 per share from N29.80 per share, and Industrial and General Insurance (IGI) Plc slipped by 7 Kobo to trade at 61 Kobo per unit versus 68 Kobo per unit.
On the flip side, Impresit Bakolori Plc gained 12 Kobo to finish at N1.39 per unit versus N1.27 per unit and First Trust Mortgage Bank Plc by 2 Kobo to end at 62 Kobo per share from 60 Kobo per share.
Yesterday, the volume of transactions increased by 35.9 per cent to 1.9 million units from 1.5 million units, the value of trades jumped by 884.3 per cent to N42.5 million from N4.3 million, and the number of deals went up by 36.8 per cent to 26 deals from 19 deals.
Okitipupa Plc ended as the most traded stock by value on a year-to-date basis with 158.7 million units worth N5.9 billion, followed by Air Liquide Plc with 507.3 million units sold for N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 44.6 million units valued at N1.9 billion.
IGI Plc closed the session as the most active stock by volume on a year-to-date basis with 1.2 billion units transacted for N417.0 million, trailed by Impresit Bakolori Plc with 536.9 million units traded for N524.8 million, and Air Liquide Plc with 507.3 million units worth N4.2 billion.