NASD OTC Exchange Drops 0.25% in Week 52 of 2024

Last week, the market capitalisation of the bourse shrank by N2.63 billion to settle at N1.040 trillion, in contrast to the preceding week’s N1.043 trillion and the NASD Unlisted Security Index (NSI) went down by 7.66 points to 3,035.61 points from the 3,043.27 points it ended in Week 51.

Business Post reports that last week’s trading days were only three, compared to the usual five, due to the Christmas and Boxing Day holidays (December 25 and 26).

In the week, there were three price losers and five price gainers led by Geo-Fluids Plc with a 24.0 per cent appreciation to end at N4.85 per unit against the previous week’s N3.81 per unit.

Further, Okitipupa Plc added 21 per cent to close at N35.99 per share versus N29.74 per share, Industrial and General Insurance (IGI) Plc grew by 16.7 per cent to finish at 15 Kobo per unit compared with the preceding week’s 17 Kobo per unit, FrieslandCampina Wamco Nigeria Plc jumped by 2.3 per cent to end at N43.84 per share against the former value of N42.85 per share, and Nipco Plc increased by 2.1 per cent to N150.10 per unit from N147.00 per unit.

Inversely, Central Securities Clearing System (CSCS) Plc lost 6.4 per cent to settle at N22.00 per share, in contrast to N23.50 per share, First Trust Microfinance Bank went down by 5.6 per cent to 34 Kobo per unit from 36 Kobo per unit and Afriland Properties Plc slipped by 1.9 per cent to N15.99 per share from N16.30 per share.

There was an 831.2 per cent jump in the volume of equities transacted in Week 52 to 21.37 million units from 2.29 million units, as the value of securities rose by 28.6 per cent to N115.8 million from N89.78 million and the number of deals went down by 23.7 per cent to 71 deals from 93 deals.

Geo-Fluids Plc was the most traded stock by value in the three-day trading week with N87.2 million, FrieslandCampina Wamco Plc recorded N18.4 million, Okitipupa Plc raked in N3.9 million, CSCS Plc posted N2.6 million, and Famad Nigeria Plc recorded N1.6 million.

Also, Geo-Fluids Plc was the most traded stock by volume with 19.2 million units, CSCS Plc transacted 1.3 million units, Famad Plc made 0.423 million units, UBN Property Plc traded 0.117 million units, and FrieslandCampina Wamco Plc exchanged 0.110 million units.