By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed bearish on Thursday as a result of the 1.33 percent loss recorded by the market for unlisted securities in Nigeria.
The poor performance of the market left the NASD Unlisted Security Index (NSI) depreciating by 1.4 points to 697.91 points from 707.31 points, while the market capitalisation reduced by N6.8 billion to N508.16 billion from N501.40 billion.
However, the volume of transactions recorded at the exchange increased for the second consecutive day by 6.8 percent or 29,426 units to 505,528 units from 476,102 units.
But the value of the trades reduced in the session by 47.6 percent equivalent to N28.3 million to N31.1 million from N59.4 million, with the total number of deals rising by 38.46 percent or five deals to 18 deals compared with 13 deals recorded at the previous session.
At yesterday’s trading session, share prices of Friesland Campina Wamco Plc, Central Securities Clearing System (CSCS) Plc, and NASD Plc depreciated at the close of business.
Friesland Campina Wamco Plc recorded the highest loss as its share price shed N4.26k to N118.74 per share from N123 per share. Recall that on Wednesday, the company’s share price went down by after losing N5.72k.
Also, CSCS Plc recorded a loss of 51 kobo to see its share price drop from N12.01 per share to N11.50 per share, while NASD Plc went down by 10 kobo to close at N3.50 per share from N3.60 per share.
Central Securities Clearing System (CSCS) Plc took the top spot in terms of the most traded stock by value (year-to-date) with 202,272,698 units worth N2.53 billion, while UBN Properties followed on the list with 884,529,600 units of its stocks sold for N1.2 billion.
In terms of the most transacted stock by volume (year to date) Food Concept Plc remained number one on the log with a total transaction of 1,158,828,284 units valued at N844 billion, while UBN Properties followed with 921,841,397 units worth N1.24 billion.
Dipo Olowookere