Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) was returned to the bearish zone on Thursday as negative price movements from FrieslandCampina WAMCO Nigeria Plc and Central Securities Clearing Systems (CSCS) Plc dragged the bourse down by 0.22 per cent.
The milk producer closed the session at N118.00 per share compared with the previous day’s closing price of N119.00 per share, indicating a decline of N1 or 0.9 per cent, while the Nigerian depository company lost 9 kobo or 5.4 per cent to sell at N18.38 per unit in contrast to the previous closing price of N19.38 per unit.
The losses posted by the duo depleted the market capitalisation of the NASD bourse by N1.42 billion to wrap the day at N628.61 billion compared with N630.03 billion it closed in the preceding session.
Also, the NASD Unlisted Securities Index (NSI) decreased by 1.67 points to wrap the session at 742.36 points compared with 744.03 points recorded at the previous session.
During the session, Afriland Plc was the only price gainer as the property investment company made a one kobo gain to close at N1.08 per share compared to the previous day’s N1.07 per share.
On the activity chart, there was a rise in the volume of securities traded at the bourse by 28.9 per cent as investors exchanged 156,569 units of stocks in contrast to the 121,422 units of stocks exchanged at the preceding session.
However, the value of shares traded yesterday closed lower by 36.1 per cent as trades worth N8.9 million were recorded in contrast to the N13.9 million recorded on Wednesday, while the number of deals carried out increased by 33.3 per cent to 12 deals from nine deals.
When the market closed for the day, CSCS Plc remained as the most traded security by volume (year-to-date) with 653.8 million units sold for N13.7 billion. NASD Plc trailed with 2.9 million units valued at N49.1 million, while Food Concepts Plc was in the third position with 2.0 million units valued at N1.6 million.
Also, CSCS Plc ended the session as the most traded security by value (year-to-date) with 653.8 million units worth N13.7 billion, VFD Group Plc has traded 916,161 units worth N331.5 million, while Niger Delta Exploration and Production (NDEP) Plc has exchanged 289,723 units valued at N68.2 million.
