The NASD Over-the-Counter (OTC) Securities Exchange fell further by 0.63 per cent on Wednesday, August 13 after closing with two price losers led by Okitipupa Plc and Mixta Real Estate Plc.
Okitipupa Plc lost N21.05 during the session to end at N216.19 per share versus N237.24 per share and Mixta Real Estate Plc declined by 54 Kobo to trade at N5.52 per unit compared with the previous day’s price of N6.06 per unit.
Consequently, the market capitalisation of the bourse decreased by N13.65 billion to close at N2.149 trillion, in contrast to the N2.162 trillion quoted at the preceding session, and the NASD Unlisted Security Index (NSI) shrank by 22.81 points to 3,591.88 points from the previous day’s 3,614.69 points.
Business Post reports that the market ended with three price gainers during the session led by Lagos Building Investment Company (LBIC) Plc, which gained 30 Kobo to settle at N3.38 per share versus N3.08 per share, Industrial and General Insurance (IGI) Plc appreciated by 5 Kobo to end at 53 Kobo per unit compared with the previous day’s 48 Kobo per unit, and Food Concepts Plc chalked up 1 Kobo to finish at N3.11 per share versus N3.10 per share.
There was a 61.3 per cent slide in the volume of securities to 12.3 million units from 31.9 million units, just as the number of deals went down by 21.6 per cent to 29 deals from 37 deals, while the value of securities rose by 715.5 per cent to N925.6 million from N113.5 million.
Okitipupa Plc finished the day as the most traded stock by value on a year-to-date basis with 158.6 million units valued at N5.9 billion, followed by Air Liquide Plc with 507.2 million units worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 43.8 million units valued at N1.9 billion.
The most active stock by volume on a year-to-date basis remained IGI Plc with 1.1 billion units worth N369.1 million, trailed by Impresit Bakolori Plc with 536.9 million units valued at N524.8 million, and Air Liquide Plc with 507.2 million units traded for N4.2 billion.