Economy
Nipco, MRS Oil, Three Others Crash NASD Index by 1.41%
By Adedapo Adesanya
Five price decliners weakened the NASD Over-the-Counter (OTC) Securities Exchange by 1.41 per cent on Monday, October 12, leading the NASD Security Index (NSI) to lose 62.21 points to close at 4,293.39 points compared with the previous trading day’s 4,355.60 points.
In the same vein, the market capitalisation went down during the session by N36.98 billion to N2.576 trillion from last Friday’s N2.613 trillion.
Yesterday, Nipco Plc dropped N36.90 to close at N421.10 per share versus N458.00 per share, MRS Oil Nigeria Plc lost N11.60 to sell at N105.00 per unit versus N116.60 per unit, FrieslandCampina Wamco Nigeria Plc depreciated by N4.42 to N135.70 per share from N140.12 per share, Central Securities Clearing System (CSCS) Plc slid by N2.86 to N95.92 per unit from N98.78 per unit, and Food Concepts Plc shrank by 16 Kobo to N2.04 per share from N2.20 per share.
Business Post reports that there were two gainers on Monday, led by Industrial and General Insurance (IGI) Plc, which improved by 5 Kobo to 56 Kobo per unit from 51 Kobo per unit, and Impresit Bakolori Plc, which chalked up 3 Kobo to sell at N2.42 per share versus N2.45 per share.
The volume of securities surged by 782.2 per cent to 3.6 million units from 407,226 units, the value of securities increased by 66.1 per cent to N49.0 million from N29.5 million, and the number of deals rose by 30 per cent to 26 deals from 20 deals.
Great Nigeria Insurance (GNI) Plc ended the session as the most traded stock by value on a year-to-date basis, with 3.4 billion units traded for N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units valued at N6.5 billion, and CSCS Plc with 81.9 million units exchanged for N6.0 billion.
GNI Plc also closed the day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units transacted for N415.7 million.
