Four Stocks Batter NASD Market by 0.3% in Week 30

By Adedapo Adesanya

Four stocks left the NASD Over-the-Counter (OTC) Securities Exchange bloodied in the 30th week of trading this year by 0.3 per cent.

These securities were Afriland Properties Plc, Nigerian Exchange (NGX) Group Plc, Central Securities Clearing Systems (CSCS) Plc, and FrieslandCampina WAMCO Nigeria Plc.

As a result of these losses printed by the firms, the NASD Unlisted Security Index (NSI) went down by 1.93 points to wrap the week at 752.5 points compared with 754.43 points of the previous week.

In addition, the NASD market capitalisation of the exchange went down by N1.93 billion to settle at N654.05 billion in contrast to N655.73 billion of the preceding week.

Analysis showed that Afriland Plc depreciated in the week by 7.4 per cent to trade at N1.25 per share versus N1.35 of the earlier week.

NGX Group Plc fell by 3.7 per cent to finish at N16.49 per unit as against the previous week’s N17.13 per unit, CSCS Plc declined by 0.3 per cent to N18.45 per share from N18.50 per share, while Friesland lost 0.03 per cent to end at N120.05 per unit compared with the previous rate of N120.08 per unit.

In the week, there was a 300.6 per cent increase in the total value of securities traded by investors to N723.9 million from N180.7 million.

In the same vein, the total volume of shares rose by 3,364.2 per cent to 305.6 million units from 8.8 million units of the previous week, while the number of deals increased by 120.3 per cent to 174 trades from 79 deals.

At the close of the week, Food Concepts Plc was the most traded security by volume with 288.3 million units. NGX Group Plc traded 16.5 million units, Friesland Plc exchanged 434,194 units, CSCS Plc transacted 285,850 units, while Afriland Plc traded 75,290 units.

In terms of the value, Food Concepts Plc also topped with N380.5 million, NGX Group Plc followed with N282.4 million, Friesland Plc posted N52.3 million, CSCS Plc recorded N4.9 million, while Niger Delta Exploration and Production (NDEP) Plc raked in N2.6 million.

In the year so far, investors have traded a total of 1.8 billion units value at N12.8 billion in 3330 deals.