Five Companies Slice N20.07bn from NASD in One Week

By Adedapo Adesanya

Five companies pulled down the NASD Over-the-Counter (OTC) Securities Exchange in the 37th week of trading.

The five were NASD Plc, FrieslandCampina Wamco Nigeria Plc, Central Securities Clearing System (CSCS) Plc, Niger Delta Exploration and Production (NDEP) Plc and UBN Properties Plc. They depleted the bourse by 2.01 per cent in five days.

The NASD Unlisted Securities Index (NSI) went down by 15.24 points to wrap the week at 741.09 points compared with 756.33 points recorded in the previous week, while the market capitalisation depreciated by N20.07 billion to N975.57 billion from N995.64 billion.

Data showed that NASD Plc declined by 19.9 per cent to N12.50 per share from N15.60 per share, FrieslandCampina shrank by 10.00 per cent to N81.00 per unit from N90.00 per unit, CSCS Plc crashed by 6.3 per cent to N13.50 per unit from N14.40 per unit, NDEP Plc depreciated by 2.5 per cent to N195.00 per share from N200.00 per share, while UBN Property Plc decreased by 1.8 per cent to N1.12 per unit from N1.14 per unit.

However, the share price of 11 Plc improved in the week by 5.9 per cent to N180.00 per share from N170.00 per share, while Nipco Plc grew by 3.5 per cent to N60.00 per share from N58.00 per share, with CitiTrust Holdings Plc expanding by 3.1 per cent to N13.50 per unit from N13.10 per unit and Afriland Properties Plc growing by 10.9 per cent to N1.22 per share from N1.10 per share.

In the week, the value of trades increased by 1,323.9 per cent to N490.7 million from N34.5 million, the volume of transactions jumped by 94,659.97 per cent to 190.1 million units from 200,614 units, while the number of deals increased by 15.6 per cent to 52 trades from 45 trades.

At the week’s close, Mixta Real Estate Plc was the most traded security by volume with 178.0 million units, IGI traded 10.0 million units, VFD Group Plc exchanged 542,512 units,  Food Concepts Plc transacted 500,000 units, while NASD Plc traded 389,862 units.

By value, Mixta Real Estate Plc also topped with N313.3 million, VFD Group Plc followed with N132.9 million, 11 Plc posted N22.2 million, FrieslandCampina Wamco Nigeria Plc recorded N5.9 million while NASD Plc transacted N5.2 million.

In the year so far, investors have traded a total of 3.5 billion units worth N26.5 million in 2,073 deals.