After the six recent positive trading sessions, the NASD Over-the-Counter (OTC) Securities Exchange had a 0.13 per cent correction on Tuesday, July 29.
This was influenced by the 44 Kobo decline suffered by FrieslandCampina Wamco Nigeria Plc, which closed at N72.02 per share versus the previous day’s N72.46 per share, and the 7 Kobo loss recorded by Food Concepts Plc, closing at N3.28 per unit compared with Monday’s N3.35 per unit.
As a result, the market capitalisation of the bourse depleted by N2.72 billion to N2.154 trillion from N2.157 trillion and the NASD Unlisted Security Index (NSI) went down by 4.64 points to 3,679.97 points from 3,684.61 points.
The volume of securities decreased yesterday by 18.4 per cent to 315,584 units from 386,754 units, the value of securities went down by 35.4 per cent to N19.4 million from N30.0 million, and the number of deals slumped by 22.0 per cent to 39 deals from 50 deals.
At the close of business, Okitipupa Plc was still the most traded stock by value on a year-to-date basis with 154.1 million units transacted for N4.9 billion, followed by Air Liquide Plc with 507.2 million units worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 42.8 million units valued at N1.8 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 N354.4 million, trailed by Impresit Bakolori Plc with the sale of 536.9 million units for N524.8 million, and Air Liquide Plc with 507.2 million units valued at N4.2 billion.