Economy
Sell-Offs Drag NASD OTC Exchange Down by 0.52%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange came under selling pressure, losing 0.52 per cent on Thursday, October 29, after five securities ended in the red.
This depleted the purse of unlisted securities investors by N13.41 billion, leaving the bourse’s market capitalisation at N2.576 trillion compared with the previous day’s N2.589 trillion. The NASD Security Index (NSI) went down by 22.35 points to 4,292.59 points from 4,314.94 points in the previous session on Wednesday.
FrieslandCampina Wamco Nigeria Plc lost N4.30 to close at N139.58 per share compared with Wednesday’s N143.88 per share, 11 Plc weakened by N1.42 to N220.59 per unit from N222.01 per unit, Central Securities Clearing System (CSCS) Plc depreciated by 67 Kobo to N96.00 per share from N96.67 per share, UBN Property Plc slipped by 22 Kobo to N1.98 per unit from N2.20 per unit, and Food Concepts Plc dropped 4 Kobo to sell at N2.04 per share compared with the preceding day’s N2.08 per share.
On the flip side, IPWA Plc gained 69 Kobo to sell at N11.99 per unit, in contrast to the previous day’s N11.30 per unit.
Yesterday, the volume of securities surged by 428.5 per cent to 1.6 million units from 303,878 units, and the value of securities rose by 29.3 per cent to N21.9 million from the preceding session’s N16.9 million, while the number of deals decreased by 23.7 per cent to 29 deals from 38 deals.
Great Nigeria Insurance (GNI) Plc remained the most traded stock by value on a year-to-date basis, with 3.4 billion units sold 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 traded for N415.7 million.
