Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed in the negative at Tuesday session (January 23) as it dropped 0.43 per cent as a result of losses in the stock prices of Central Securities Clearing System (CSCS) Plc and FrieslandCampina Wamco Nigeria Plc.
The NASD market capitalisation, as a result of this outcome, fell by N5.94 billion to N1.382 trillion from the N1.388 trillion it quoted at the previous session, and the NASD Unlisted Security Index (NSI) depreciated by 4.38 points to end the day at 1,019.61 points as against the 1,023.99 points it recorded at the previous session.
While there were no price gainers, CSCS Plc lost 86 Kobo to end the day at N18.64 per share, in contrast to Monday’s closing price of N19.50 per share, and FrieslandCampina depreciated by 84 Kobo to sell at N79.00 per unit versus the previous session’s N79.84 per unit.
Yesterday, the volume of securities traded by investors decreased by 73.1 per cent to 563,423 units from 2.1 million units, the number of deals went down by 64 per cent to nine deals from the 25 transactions completed a day earlier, while the value of securities carried out increased by 149 per cent to N68.5 million from the N27.5 million achieved in the preceding trading session.
At the close of business, IPWA Plc remained the most traded stock by volume on a year-to-date basis with 48.9 million units valued at N24.4 million, trailed by UBN Property with the sale of 29.9 million units worth N52.3 million, and Geo-Fluids Plc stood in third place with 20.0 million units sold for N48.0 million.
Aradel Plc was the most traded stock by value on a year-to-date basis yesterday with 346,945 units valued at N446.6 million, followed by FrieslandCampina with a turnover of 1.3 million units worth N100.8 million, and UBN Property Plc ended in third place with the sale of 29.9 million units valued at N52.3 million.
