Business News

Four Stocks Dampen NASD OTC Securities Exchange by 0.92%

By Adedapo Adesanya

Depreciation in the stock prices of four equities saw the NASD Over-the-Counter (OTC) Securities Exchange close 0.92 per cent south on Friday, August 18.

The market capitalisation shed N10.26 billion to close at N1.102 trillion from the N1.113 trillion that was quoted at the previous session, as the NASD Unlisted Securities Index (NSI) shed 7.32 points to end the day at 787.13 points as against the 794.45 points it recorded at the previous session.

11 Plc recorded a loss of N17.66 during the trading session to close at N186.34 per share compared to the previous day’s N204.00 per share, FrieslandCampina Wamco Nigeria Plc shed N1.49 to close the day at N73.51 per unit versus Thursday’s closing price of N75.00 per unit, Mixta Real Estate recorded a decline of 15 Kobo to finish at N1.50 per unit compared with the preceding session’s N1.65 per unit, while UBN Property Plc lost 8 Kobo to close at N1.10 per share, in contrast to the previous day’s N1.18 per share.

However, Niger Delta Exploration and Production (NDEP) Plc ended the trading session as the sole price advanced after it moved up by N39.35 to settle at N432.88 per share versus the N393.53 per share it ended a day earlier.

Yesterday, the volume of securities traded at the bourse went down by 91.3 per cent to 1.1 million units from the 12.2 million units recorded on Thursday, the value of shares traded also decreased by 97.6 per cent to N9.8 million from N413.5 million, and the number of deals shrank by 26.3 per cent to 14 deals from 19 deals.

Central Securities Clearing System (CSCS) Plc remained the most traded stock by volume (year-to-date) with 1.1 billion units worth N21.4 billion, Industrial and General Insurance (IGI) Plc followed with 634.9 million units valued at N50.8 million, Geo-Fluids was in third place with 631.0 units worth N1.1 billion.

CSCS Plc also closed as the most traded stock by value (year-to-date) with 1.1 billion units valued at N21.4 billion, trailed by VFD Group with 26.4 million units worth N5.9 billion, and FrieslandCampina Wamco Nigeria Plc with 19.2 million units worth N1.4 billion.

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