NASD OTC Exchange Market Cap Drops 0.44% in Week 14

The drop was impacted by a markdown in the price of Capital Bancorp Plc for the company’s proposed interim dividend of 10 Kobo per share.

During the three-day trading week, the Unlisted Security Index (NSI) went down by 0.20 per cent or 6.71 points to 3,309.46 points from the 3,316.17 points recorded in Week 13.

The share price of Food Concepts Plc tumbled by 10 per cent last week to N1.17 per unit from N1.30 per unit, Geo-Fluids Plc slipped by 8.2 per cent to N2.48 per share from N2.70 per share, Capital Bancorp Plc slid by 4.7 per cent to N2.04 per unit from N2.14 per unit, and Afriland Properties Plc lost 2.6 per cent to end at N18.42 per share versus the preceding week’s N18.92 per share.

On the flip side, IPWA Plc gained 10 per cent to close at 55 Kobo per unit compared with the previous week’s 50 Kobo per unit, Lagos Building Infrastructure Company (LBIC) Plc went up by 9.9 per cent to N2.63 per share from N2.40 per share, First Trust Microfinance Bank Plc appreciated by 3.6 per cent to 58 Kobo per unit from 56 Kobo per unit, Industrial and General Insurance (IGI) Plc rose by 2.9 per cent to 36 Kobo per share from 35 Kobo per share, and FrieslandCampina Wamco Nigeria jumped by 0.2 per cent to N36.80 per unit from N36.73 per unit.

In the week, investors executed 82 deals in 14 different stocks as there was only a short trading week due to the Ramadan holidays.

The trading volume in the week increased by 262.8 per cent to 10.8 million units from 2.98 million units, but the value of transactions decreased by 76.1 per cent to N16.3 million from N68.2 million.

The most active stock by value last week was FrieslandCampina Wamco Nigeria Plc with N6.1 million, followed by IPWA Plc with N4.9 million, 11 Plc recorded N1.4 million, Air Liquide Plc posted N1.3 million, and Nipco Plc achieved N1.0 million.

But the most active stock by volume was IPWA Plc with 8.8 million units, IGI Plc transacted 1.1 million units, Food Concepts Plc recorded 0.334 million, FrieslandCampina Wamco Nigeria Plc traded 0.164 million units, and Air Liquide Plc exchanged 0.159 million units.