NASD OTC Exchange Down by 0.06%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange opened the week in the negative zone on Monday, December 12, as a slide in the price of FrieslandCampina WAMCO Nigeria Plc dragged the bourse down by 0.06 per cent.

The milk-producing company suffered a 29 Kobo loss yesterday to trade at N66.21 per share compared with last Friday’s value of N66.50 per share.

This weakened the market capitalisation of the NASD OTC exchange by N570 million to N932.78 billion from the N933.35 billion it closed in the preceding session.

Similarly, it shortened the NASD Unlisted Securities Index (NSI) by 0.43 points during the session to 709.87 points from the 710.87 points achieved last Friday.

A look at the activity chart showed a mix of red and green, as the volume of stocks transacted by market participants reduced by 48.1 per cent to 76,870 units from 148,058 units.

However, the value of transactions increased by 64.5 per cent yesterday due to the sale of shares worth N5.3 million, in contrast to the N3.2 million recorded in the preceding trading session.

In the same vein, the number of trades carried out during the session grew by 22.2 per cent to 11 deals from the nine deals executed last Friday.

Business Post reports that the unlisted stock market was with no single price loser on Monday.

AG Mortgage Bank Plc maintained its spot as the most traded stock by volume on a year-to-date basis, with the sale of 2.3 billion units worth N1.2 billion. Central Securities Clearing System (CSCS) Plc stood in second place with 688.1 million units worth N14.3 billion, while Lighthouse Financial Services Plc was in third place with 224.7 million units valued at N112.3 million.

The most active stock by value on a year-to-date basis was still CSCS Plc with a turnover of 688.1 million units worth N14.3 billion, VFD Group Plc was in second place with 29.1 million units valued at N7.7 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 17.8 million units valued at N1.9 billion.