The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.26 per cent in the 48th trading week of the year, with the market capitalisation increasing by N3 billion to close at N1.057 trillion compared with the preceding week’s N1.054 trillion and the NASD Unlisted Security Index (NSI) growing by 7.72 points to 3,016.66 points, in contrast to Week 47’s 3,008.94 points.
In the five-day trading week, there were four price gainers and six price losers.
The gainers were led by Okitipupa Plc which added 9.9 per cent to close at N24.58 per share versus N22.35 per share, Geo-Fluids Plc expanded by 7.9 per cent to N3.95 per unit against the former value of N3.66 per unit, 11 Plc rose by 7.8 per cent to close at N230.00 per share versus N213.25 per share, and Central Securities Clearing System (CSCS) Plc gained 4.6 per cent to end at N23.00 per unit, in contrast to the previous week’s N22.00 per unit.
On the flip side, First Trust Microfinance Bank Plc plunged by 11.1 per cent to settle at 32 Kobo per share compared with the preceding week’s 36 Kobo per share, Food Concepts Plc slid by 9.7 per cent to end at N1.58 per unit versus N1.75 per unit, and UBN Property Plc lost 6.7 per cent to close at N1.67 per share versus N1.79 per share.
Further, FrieslandCampina Wamco Plc slumped by 5.9 per cent to end the week at N39.51 per unit compared with the previous week’s N42.00 per unit, Capital Bancorp Plc shrank by 2.3 per cent to N2.14 per share from the preceding week’s N2.19 per share, and Afriland Properties Plc went down by 1.6 per cent to N17.39 per unit from N17.68 per unit.
Last week, the total value of transactions increased by 36.1 per cent to N32.9 million from the N24.2 million recorded a week earlier, the volume of trades rose by 1.4 per cent to 6.4 million units from 5.59 million units, and the number of deals decreased by 25.3 per cent to 59 deals from 79 deals.
FrieslandCampina was the most traded stock by value in the week with N16.5 million, followed by Geo-Fluids Plc with N8.3 million, 11 Plc traded N2.3 million, Acorn Petroleum Plc transacted N1.9 million, and UBN Property Plc recorded N1.8 million.
By value, Geo-Fluids Plc was the most traded security with 2.1 million units, First Trust MFB Plc traded 1.4 million units, Acorn Petroleum Plc exchanged 1.3 million units, UBN Property Plc sold 1.1 million units, and FrieslandCampina transacted 0.383 million units.