Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange returned to the negative territory on Thursday after it went down by 0.71 per cent.
The loss was influenced by the duo of FrieslandCampina WAMCO Nigeria Plc and Afriland Properties Plc as the gains printed by the Nigerian Exchange (NGX) Group Plc could not help the situation.
The share price of Friesland went down by N3.93 to close at N130.93 per unit compared to N127 per unit, while the value of Afriland Properties reduced by 5 kobo or 3.9 per cent to N1.25 per share from N1.30 per share it ended on Wednesday.
Business Post reports that for NGX Group, its price grew for the first time in about five sessions by 8.8 per cent or N1.47 to N18.21 per share from N16.74 per share.
At the close of transactions, the market capitalisation of the bourse shrank by N3.91 billion to close at N542.44 billion compared with N546.35 billion of the preceding day, while the NASD Unlisted Security Index (NSI) reduced by 5.49 points to 763.14 points from 768.63 points.
During the session, a total of 8.9 million units of shares were transacted compared to 5.7 million units of shares traded at the previous session, indicating a rise by 57.5 per cent.
These stocks were executed in 43 deals, 73.1 per cent lower than the 68 deals recorded on Wednesday, with the NGX Group accounting for 35 deals, Friesland accounting for five deals, Afriland Property accounting for two deals and CSCS accounting for a single deal.
The value of the transactions was N164.1 million, 73.1 per cent higher than the N94.8 million recorded at the midweek trading session.
NGX Group maintained its position as the most active stock by volume (year-to-date) for trading 48.5 million units of its shares for N942.4 million. CSCS Plc was in second place with 25.5 million units worth N389.9 million, while UBN Property stayed in the third position with 21.9 million units of its shares worth N24.6 million.
In terms of value on a year-to-date basis, NGX Group also remained as the most traded stock with 48.5 million units worth N942.4 million. Niger Delta Exploration and Production (NDEP) Plc Plc remained in the second spot with 2.3 million units of its securities valued at N703.6 million, while Friesland was third with 4.1 million units valued at N515.2 million.
