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NASD OTC Exchange Sheds 0.14% to Close Entire Week Without Single Rise

NASD OTC securities

The NASD Over-the-Counter (OTC) Securities Exchange completed an entire week without a single gain after it lost 0.14 per cent on Friday, August 8. It was the fifth-straight session the platform ended in red territory this week.

The poor performance weakened the market capitalisation by N3.04 billion to N2.140 trillion from the N2.143 trillion it quoted at the preceding session, as the NASD Unlisted Security Index (NSI) decreased by 5.19 points to 3,655.10 points from 3,660.29 points.

Investors’ appetite waned further as there was a 69.2 per cent slide in the volume of securities to 485,742 units at the session from the 1.6 million units posted in the preceding session just as the value of securities declined by 57.8 per cent to N23.2 million from N54.9 million, and the number of deals went down by 57.5 per cent to 17 deals from 40 deals.

Okitipupa Plc closed the session as the most traded stock by value on a year-to-date basis with 154.4 million units transacted for N5.0 billion, followed by Air Liquide Plc with 507.2 million units worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 43.7 million units valued at N1.9 billion.

Also, Industrial and General Insurance (IGI) maintained its position as the most traded stock by volume on a year-to-date basis with 1.1 billion units worth N362.1 million, trailed by Impresit Bakolori Plc with 536.9 million units sold for N524.8 million, and Air Liquide Plc with 507.2 million units traded for N4.2 billion.

The bourse ended the trading session with two price gainers and two price losers led by Okitipupa Plc, which lost N2.76 to close at N237.24 per share compared with the previous day’s N240.00 per share, and Central Securities Clearing System (CSCS) Plc, which fell by 50 Kobo to settle at N53.50 per unit versus Thursday’s closing price of N54.00 per unit.

For their gainers, IGI Plc chalked up 4 Kobo to end at 43 Kobo per share versus 39 Kobo per share, and Food Concepts Plc garnered 1 Kobo to finish at N3.22 per unit versus N3.21 per unit.