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NASD OTC Exchange Records Marginal Drop

NASD investors

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The NASD Over-the-Counter (OTC) Securities Exchange headed southwards by 0.02 per cent on Thursday, January 30 despite recording three price gainers led by Okitipupa Plc, which gained N6.38 to trade at N70.13 per share versus the preceding day’s N63.75 per share.

Further, First Trust Microfinance Plc appreciated by 4 Kobo to finish at 47 Kobo per unit compared with Wednesday’s closing price of 43 Kobo per unit, and FrieslandCampina Wamco Nigeria Plc jumped by 26 Kobo to N38.94 per share from midweek’s N38.68 per share.

However, the 16 Kobo loss suffered by Food Concepts Plc, which ended the session at N1.44 per share versus the previous trading day’s N1.60 per share, left the platform in the hands of the bears.

Consequently, N370 million was chucked off the market capitalisation of the bourse to remain relatively unchanged at N1.769 trillion as the NASD Unlisted Security Index (NSI) declined by 0.65 points to close at 3,123.05 points, in contrast to the 3,123.70 points it ended a day earlier.

The volume of securities traded at the bourse during the session went down by 88.9 per cent to 1.7 million units from the 14.9 million units recorded on Wednesday, but the value of shares transacted by investors increased by 46.3 per cent to N44.1 million from N30.1 million, and the number of deals expanded by 10.7 per cent to 31 deals from 28 deals.

Impresit Bakolori Plc ended the day as the most active stock by value (year-to-date) with 406.5 million units worth N386.1 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 406.5 million units worth N386.1 million, trailed by Industrial and General Insurance (IGI) Plc with 26.3 million units sold for N6.3 million, and Geo-Fluids Plc with 9.2 million units valued at N44.3 million.

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