Geo-Fluids Share Price Falls to N2.00, Pulls Down NASD Bourse by 0.01%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange marginally slid by 0.01 per cent on Friday, October 23, as a result of a decline in the share price of Geo-Fluids Plc.

The industrial firm lost 4 Kobo or 2.2 per cent of its value to end the session at N2.00 per share compared with the previous session’s N2.04 per share.

As a result, the bourse’s market capitalisation dropped N190 million to close at N2.608 trillion versus the preceding day’s N2.607 trillion, and the NASD Security Index (NSI) decreased by 0.31 points to 4,345.02 from 4,345.33 points.

The volume of securities traded by investors went down by 3.6 per cent to 342,930 units from 738,844 units, the value of securities depreciated by 84.93 per cent to N1.01 million from N6.7 million, and the number of deals contracted by 60.87 per cent to nine deals from 23 deals.

Great Nigeria Insurance (GNI) Plc ended the session as the most active stock by value on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, trailed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units exchanged for N6.5 billion, and Central Securities Clearing System (CSCS) Plc with 81.8 million units worth N6.0 billion.

GNI Plc also finished the session as the most traded stock by volume on a year-to-date basis, with 3.4 billion units transacted for N8.4 billion, followed by Infracredit Plc with 2.3 billion units traded for N6.5 billion, and Resourcery Plc with 1.1 billion units sold for N415.7 million.