Profit-taking halted gains in the NASD Over-the-Counter (OTC) Securities Exchange on Thursday, crumbling the platform by 0.73 per cent at the close of business.
The market capitalisation lost N15.90 billion to close at N2.157 billion compared with the previous day’s N2.173 trillion, and the NASD Unlisted Security Index (NSI) slumped by 26.58 points to 3,605.94 points from Wednesday’s 3,632.52 points.
During the session, Okitipupa Plc went down by N23.69 to close at N213.31 per unit versus the previous day’s N237.00 per unit, Central Securities Clearing System (CSCS) Plc lost N2.95 to trade at N38.05 per share compared with the preceding session’s N41.00 per share, Lagos Building Investment Company (LBIC) Plc dropped 13 Kobo to sell at N3.00 per unit versus the N3.13 per unit it closed a day earlier, and Acorn Petroleum Plc also declined by 13 Kobo to finish at N1.17 per share, in contrast to the previous day’s N1.13 per share.
Conversely, the price of FrieslandCampina Wamco Nigeria Plc,went up by N1.00 to close at N57.00 per unit versus the preceding day’s N56.00 per unit, Air Liquide Plc improved its value by 99 Kobo to trade at N10.89 per share versus N9.99, per share, and Food Concepts Plc appreciated by 35 Kobo to finish at N3.85 per unit, in contrast to the previous session’s N3.50 per unit.
The volume of securities traded at the session surged by 1,154.5 per cent to 1.14 million units from the previous day’s 90,976 units, the value of securities increased by 565.2 per cent to N22.5 million from N3.4 million, and the number of deals jumped by 72.7 per cent to 19 deals from 11 deals.
At the close of transactions, Infrastructure Credit Guarantee Company (InfraCredit) Plc remained the most traded stock by value on a year-to-date basis with 5.8 billion units valued at N16.4 billion, followed by Okitipupa Plc with 170.4 million units worth N8.0 billion, and Air Liquide Plc with 507.5 million units sold for N4.2 billion.
InfraCredit Plc also ended as the most traded stock by volume on a year-to-date basis with 5.8 billion units traded for N16.4 billion, trailed by Industrial and General Insurance (IGI) Plc with 1.2 billion units transacted for N419.7 million, and Impresit Bakolori Plc with 536.9 million units worth N524.9 million.