Four Equities Trigger 0.4% Loss at NASD OTC Securities Exchange

By Adedapo Adesanya

Four stocks pulled down the NASD Over-the-Counter (OTC) Securities Exchange at 0.4 per cent on Tuesday, October 22.

This trimmed the NASD Unlisted Security Index (NSI) by 11.84 points to wrap the session at 2,979.61 points compared with 2,991.45 points recorded at the previous session.

In the same vein, the value of the alternative bourse shrank by N4.15 billion to settle at N1.044 trillion compared with the previous day’s N1.048 trillion.

Yesterday, Industrial and General Insurance (IGI) Plc lost 2 Kobo to close at 17 Kobo per unit versus the preceding day’s 19 Kobo per unit, Afriland Properties declined by N1.25 to end the session at N17.00 per share compared with the previous session’s N18.25 per share, FrieslandCampina Wamco Nigeria Plc slumped by N1.03 to finish at N43.91 per unit, in contrast to Monday’s closing price of N45.00 per unit, and Acorn Petroleum Plc depreciated by 1 Kobo to finish at N2.41 per share compared with the preceding day’s value of N2.42 per share.

Data showed that there was a 75.1 per cent slide in the volume of securities traded in the session to 1.3 million units from the 24.4 million units traded in the preceding session.

Equally, there was a 61.8 per cent decline in the value of shares traded during the trading day to N9.3 million from the N24.4 million recorded a day earlier.

In the same vein, the number of deals declined by 36.7 per cent to 19 deals from the 30 deals carried out in the previous trading day.

At the close of business, Geo-Fluids Plc ended as the most active stock by volume (year-to-date) with the sale of 1.6 billion units for N3.8 billion, Okitipupa Plc came next with 751.3 million units valued at N7.7 billion, and Afriland Properties Plc was in third place with 296.6 million units worth N5.3 million.

Also, Aradel Holdings Plc finished as the most active stock by value (year-to-date) with 108.7 million units worth N89.2 billion, followed by Okitipupa Plc with 751.3 million units valued at N7.7 billion, and Afriland Properties Plc was in third with 296.6 million units sold for N5.3 billion.