NASD OTC Market Suffers 0.17% Loss

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange slid into the negative zone on Wednesday, July 12 by 0.17 per cent.

The loss was recorded after Central Securities Clearing System (CSCS) Plc depreciated by 38 Kobo to close at N18.00 per unit versus the preceding day’s N18.38 per unit, and Mixta Real Estate Plc shed 11 Kobo to close at N1.65 per unit versus N1.76 per unit.

Consequently, the market capitalisation of the bourse shed N1.14 billion to finish at N1.075 trillion compared with the preceding session’s N1.076 trillion, and the NASD Unlisted Securities Index (NSI) went down by 0.82 points to 777.21 points from the 778.03 points achieved in the previous session.

At the market yesterday, Afriland Plc appreciated by 74 Kobo to N77.18 per share from N76.44 per share, and FrieslandCampina Wamco Nigeria Plc grew by 29 Kobo to N3.16 per share from N2.87 it closed a day earlier.

There was a 103.0 per cent jump in the volume of securities traded at the bourse by investors to 324.3 million units from 314,508 units, the value of shares traded at the session ballooned by 923.7 per cent to N177.3 million from N17.3 million, and the number of deals increased by 22.2 per cent to 33 deals from the 27 deals carried out in the previous day.

At the close of business at the midweek session, CSCS Plc finished as the most traded stock by volume on a year-to-date basis with the sale of 1.1 billion units valued at N21.2 billion, Geo-Fluids stood in second place with 625.8 units valued at N1.1 billion, while Industrial and General Insurance (IGI) Plc was in third place with 608.3 million units worth N48.1 million.

Also, CSCS Plc remained as the most traded stock by value on a year-to-date basis with 1.1 billion units worth N21.2 billion, followed by VFD Group with 18.9 million units valued at N4.2 billion, and Geo-Fluids Plc was in third place with 625.8 million units worth N1.1 billion.