Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed in the negative territory on Tuesday as it fell by 0.90 per cent at the close of transactions.
The loss was influenced by the day’s single price losers, FrieslandCampina Wamco Nigeria Plc, weakening the NASD market capitalisation by N9.84 billion to N1.082 trillion from the previous session’s N1.092 trillion.
It also contracted the NASD Unlisted Securities Index (NSI) by 7.11 points to 782.45 points from the 789.56 points it recorded in the previous session.
FrieslandCampina Wamco Plc depreciated by N5.04 or 6.59 per cent to end the day at N71.46 per share compared with the N76.50 per share it closed on Monday.
The alternative stock market witnessed a 95.8 per cent slump in the volume of securities traded during the session as investors exchanged 27,300 units, in contrast to the 637,884 units transacted a day earlier.
Equally, the unlisted stock exchange posted a 97.6 per cent depreciation in the value of transactions carried out by the market participants to N2.4 million from the N101.0 million achieved on Monday.
In the same vein, the number of deals executed by investors went down by 71.1 per cent to 11 deals from the 38 deals carried out in the previous trading session.
The market was without a price gainer on Tuesday.
Central Securities Clearing System (CSCS) Plc remained the most traded stock by volume on a year-to-date basis with 1.1 billion units valued at N21.2 billion, Geo-Fluids stood in second place with 631.0 units valued at N1.1 billion, while Industrial and General Insurance (IGI) Plc was in third place with 610.7 million units worth N48.4 million.
Also, CSCS Plc was the most traded stock by value on a year-to-date basis with 1.1 billion units worth N21.2 billion, VFD Group remained in second for selling 26.4 million units worth N5.9 billion, as FrieslandCampina Wamco Plc retained the third spot with the sale of 18.6 million units valued at N1.3 billion.
