Friesland, UBN Properties Lead NASD Exchange to 0.54% Loss
By Adedapo Adesanya
Trading activities at the platform for the buying and selling of unlisted securities in Nigeria, the NASD Over-the-Counter (OTC) Securities Exchange, closed negative on Thursday, October 24, 2019. The bearish closure happened a day after the market recorded its first gains of the week.
At the close of transactions yesterday, the market capitalisation depreciated by 0.54 percent or N2.71 billion to close at N494.67 billion in contrast to the N497.38 billion recorded at the previous market day.
Also, the NASD Security Index (NSI) recorded a reduction from what was quoted in the previous session as NSI went down by 3.77 points or 0.54 percent to close at 688.54 points from 692.31 points.
However, the exchange saw an increase in the volume of transactions, which went up by 29.9 percent or 111,821 units to close at 485,350 units against 373,529 units recorded in the previous session.
Similarly, the value of transactions also rose on Thursday, this time by 18 percent or N1.63 million, to N10.7 million in contrast to N9.07 million achieved on Wednesday.
However, the number of deals executed by investors during the day’s trading session was unchanged as a total of 14 deals were recorded.
At yesterday’s trading session, there were three price gainers.
Niger Delta Exploration and Production (NDEP) Plc posted a price appreciation of 88 kobo to settle at N295 per share, Afriland Properties Plc gained 4 kobo to close at N2.20 per share, while Central Securities Clearing System (CSCS) Plc appreciated by one kobo to trade at N12.05 per share.
However, Friesland Campina Wamco Plc was one of the two price losers at Thursday’s trading session as the company’s share price went down by N2.68 to close at N127.98 per share. The second price decliner was UBN Properties, which depreciated by one kobo to close at N1.49 per share.
The top of trades position by volume (year to date) was still held by Food Concept Plc with a total transaction of 1,158,797,004 units valued at N843.97 billion, while UBN Properties followed with 891,085,220 units worth N1.21 billion.
Central Securities Clearing System (CSCS) Plc took the top spot in terms of value by year-to-date with 202,272,698 units worth N2.53 billion transacted from the beginning of this year till yesterday, UBN Properties followed on the list with 884,529,600 units of its stocks sold for N1.2 billion.