Adedapo Adesanya
By Adedapo Adesanya
The prices of three stocks sank the NASD Over-the-Counter (OTC) Securities Exchange by 0.76 per cent on Friday, October 27.
This brought down the market capitalisation by 8.36 billion to close at N1.121 trillion versus the preceding day’s N1.129 trillion and the NASD Unlisted Security Index (NSI) ended the day at 826.65 points, after it lost 6.37 points from the previous day’s 833.02 points.
During the trading day, Aradel Holdings Plc recorded a N32.74 depreciation to sell at N600.00 per share compared to Thursday’s closing price of N632.74 per share, FrieslandCampina Wamco Nigeria Plc went down by 57 Kobo to close the day at N79.69 per unit versus the previous day’s N80.26 per unit, and Central Securities Clearing System (CSCS) Plc shed 10 Kobo to finish at N20.00 per share versus N20.10 per share.
However, the stock price of Air Liquide Plc improved yesterday by 50 Kobo to N5.50 per unit from N5.00 per unit but it could not save the NASD bourse from crashing.
Data from the exchange indicated that the volume of securities traded by investors depreciated by 99.6 per cent to 405,176 units from the preceding day’s 115.7 million units, the number of deals executed by the market participants went down by 21.7 per cent to 18 deals from 23 deals, while the value of shares traded increased by 5.5 per cent to N175.8 million from N166.7 million.
CSCS Plc remained the most traded stock by volume (year-to-date) with 1.2 billion units valued at N22.3 billion, UBN Property Plc was in second place with 1.1 billion units worth N1.1 billion and Geo-Fluids Plc stood in third place with 696.9 units valued at N1.3 billion.
Similarly, CSCS Plc closed the day as the most traded stock by value (year-to-date) with the sale of 1.2 billion units worth N22.3 billion, trailed by VFD Group with 26.6 million units valued at N5.9 billion, and Aradel Holdings Plc with 7.5 million units worth N3.0 billion.
