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NASD OTC Exchange Falls 0.47%

NASD OTC

The NASD Over-the-Counter (OTC) Securities Exchange recorded a negative outcome across its major barometers on Monday, February 17 after it shed 0.47 per cent.

The market capitalisation went down by N8.66 billion to settle at N1.819 trillion compared with the preceding session’s N1.828 trillion and the NASD Unlisted Security Index (NSI) lost 15.25 points to wrap the session at 3,212.26 points compared with 3,227.53 points recorded in the previous session.

Yesterday, the volume of securities traded by investors went down by 63.5 per cent to 1.9 million units from the 5.1 million units traded in the preceding session.

Equally, the value of securities transacted during the session slid by 58.8 per cent to N44.7 million from the N108.5 million recorded last Friday.

However, the number of deals went up by 166.7 per cent to 24 deals from the nine deals completed in the preceding trading session.

Business Post reports that the alternative stock exchange closed with three price gainers and three price losers.

Okitipupa Plc continued its stellar performance after it gained N12.42 to sell at N136.60 per share compared with the previous session’s N124.18 per share, Afriland Properties Plc jumped by 33 Kobo to close at N21.36 per unit versus N21.03 per unit, and FrieslandCampina Wamco Nigeria Plc added 4 Kobo to settle at N39.99 per share versus N39.95 per share.

On the flip side, UBN Property Plc lost 20 Kobo to trade at N1.85 per unit compared with last Friday’s N2.05 per unit, Food Concepts Plc dipped by 16 Kobo to quote at N1.49 per share versus N1.65 per share, and Central Securities Clearing System (CSCS) Plc depreciated by N2.00 to N22.50 per unit from N24.50 per unit.

Impresit Bakolori Plc was the most active stock by value (year-to-date) with 533.9 million units worth N520.9 million, followed by FrieslandCampina Wamco Nigeria Plc with 4.3 million units valued at N170.4 million, and Geo-Fluids Plc with 9.1 million units sold for N44.3 million.

Impresit Bakolori Plc was also the most active stock by volume (year-to-date) with 533.9 million units worth N520.9 million, trailed by FrieslandCampina Wamco Plc with 7.4 million units sold for N294.6 million, and Afriland Properties Plc with 3.3 million units valued at N58.6 million.

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