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NASD OTC Exchange Records 0.37% Loss

NASD OTC securities

The NASD Over-the-Counter (OTC) Securities Exchange slid further by 0.37 per cent on Wednesday, June 25, influenced by four securities on the trading platform.

The market capitalisation lost N7.28 billion during the session to settle at N1.937 trillion compared with the previous day’s value of N1.944 trillion, and the NASD Unlisted Security Index (NSI) went down by 12.42 points to close at 3,308.20 points, in contrast to the the previous session’s 3,320.63 points.

Yesterday, Central Securities Clearing System (CSCS) Plc declined by N2.40 to sell at N29.10 per share versus Tuesday’s N31.50 per share, FrieslandCampina Wamco Nigeria Plc depreciated by 55 Kobo to close at N60.98 per unit versus N61.53 per unit, Geo Fluids Plc dropped 29 Kobo to end at N3.94 per share compared with the preceding session’s N4.23 per share, and Industrial and General Insurance (IGI) Plc shed 1 Kobo to finish at 35 Kobo per unit, in contrast to the 36 Kobo it was traded a day earlier.

Conversely, Nipco Plc appreciated by N14.25 to end at N227.02 per share versus N212.77 per share, and Food Concepts Plc rose by 17 Kobo to N1.94 per unit from N1.77 per unit.

During the trading session, the volume of trades decreased by 96.95 per cent to 1.8 million units from the 58.9 million units recorded on Tuesday, the value of transactions slumped by 98.60 per cent to N8.9 million from N614.9 million, and the number of deals fell by 48 per cent to 37 deals from 25 deals.

At the close of business, Impresit Bakolori Plc was the most traded stock by volume (year-to-date) with 536.9 million units sold for N524.8 million, trailed by Air Liquide Plc with 507.2 million units worth N4.2 billion, and Geo-Fluids Plc with 268.5 million units valued at N475.9 million.

Okitipupa Plc ended the session as the most active stock by value (year-to-date) with 153.8 million units worth N4.9 billion, followed by Air Liquide Plc with 507.2 million units sold for N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 40.8 million units valued at N1.7 billion.