NASD OTC Exchange Records First Weekly Loss in Seven Weeks

In the five-day trading week, the NASD Unlisted Security Index (NSI) dropped 75.07 points to settle at 3,363.74 points compared with the preceding week’s 3,370.39 points and the market capitalisation went down by N3.85 billion to N1.942 trillion from the N1.946 trillion it ended in Week 10.

The alternative stock exchanged ended with week with fewer price losers than price gainers, at a ratio of seven to four, respectively.

NASD Plc depreciated by 7.9 per cent to N19.00 per share from N20.63 per share, Central Securities Clearing System (CSCS) Plc slid by 5.8 per cent to N21.69 per unit from N23.02 per unit, 11 Plc slipped by 5.1 per cent to N240.00 per share from N253.00 per share, and Geo-Fluids Plc lost 2.4 per cent to end at N2.84 per unit versus the previous week’s N2.91 per unit.

On the flip side, First Trust Microfinance Plc appreciated by 19.2 per cent to 56 Kobo per share from 47 Kobo per share, AG Mortgage Bank Plc grew by 10.4 per cent to 53 Kobo per unit from 48 Kobo per unit, Nipco Plc improved by 10 per cent to N181.63 per share from N199.80 per share, and UBN Property Plc rose by 5.4 per cent to N1.95 per unit from N1.85 per unit.

Further, FrieslandCampina Wamco Nigeria Plc expanded by 3.3 per cent to N38.23 per share from N37.00 per share, Afriland Properties Plc increased by 1.3 per cent to N23.20 per unit from N22.90 per unit, and Okitipupa Plc advanced by 0.7 per cent to N300.00 per share from N298.00 per share.

In the week, there was a 53.2 per cent shortfall in the volume of shares to 7.03 million units from 4.59 million units, and the value of securities decreased by 55.0 per cent to N105.9 million from N128.1 million.

The most traded stock by value in Week 11 was FrieslandCampina Wamco Plc with N41.3 million, Okitipula Plc recorded N35.0 million, NASD Plc traded N7.6 million, 11 Plc posted N5.8 million, and CSCS Plc achieved N4.1 million.

By volume, AG Mortgage Bank Plc topped with 3.7 million units, FrieslandCampina Wamco Plc transacted 1.1 million units, Geo-Fluids Plc recorded 1.07 million, NASD Plc traded 0.402 million units, and First Trust Microfinance Plc exchanged 0.206 million units.