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Business News

NASD Index Witnesses 0.04% Loss Despite Gains by Five Securities

NASD OTC Market

Despite closing with five prices gainers, the NASD Over-the-Counter (OTC) Securities Exchange witnessed a 0.04 per cent drop on Monday, August 4.

The loss was influenced by Central Securities Clearing System (CSCS) Plc and Food Concepts Plc, with the former shedding 28 Kobo to end at N59.72 per share compared with the previous session’s N60.00 per share, and the latter losing 21 Kobo to close at N2.93 per unit versus last Friday’s N3.14 per unit.

During the session, Nipco Plc appreciated by N23.00 to N264.00 per share from N241.00 per share, NASD Plc soared by 60 Kobo to N30.58 per unit from N29.98 per unit, FrieslandCampina Wamco Nigeria Plc increased by 30 Kobo to N70.68 per share from N70.38 per share, Lagos Building Investment Company (LBIC) Plc appreciated by 18 Kobo to N3.08 per unit from N2.90 per unit, and Afriland Properties Plc added 7 Kobo to end at N21.17 per share compared with the preceding session’s N21.10 per share.

When the bourse closed for the day, the NASD Unlisted Security Index (NSI) declined by 1.66 points to 3,700.01 points from 3,701.67 points, and the market capitalisation shrank by N980 million to N2.166 trillion from N2.167 trillion.

Yesterday, there volume of transactions went up by 143.4 per cent to 1.2 million units from 494,568 units, the number of deals rose by 22.2 per cent to 33 deals from 27 deals, while the the value of trades depleted by 34.1 per cent to N28.5 million from N43.3 million.

The most traded stock by value on a year-to-date basis remained Okitipupa Plc with 154.2 million units worth N5.0 billion, followed by Air Liquide Plc with 507.2 million units valued at N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 43.3 million units sold for N1.9 billion.

Also, the most traded stock by volume on a year-to-date basis was still Industrial and General Insurance (IGI) Plc with 1.1 billion units valued at N354.4 million, trailed by Impresit Bakolori Plc with 536.9 million units traded for N524.8 million, and Air Liquide Plc with 507.2 million units transacted for N4.2 billion.