By Adedapo Adesanya
Four companies made investors lose N8.38 billion at the NASD Over-the-Counter (OTC) Securities Exchange last week, which was the 39th trading week in 2021.
The loss reduced the total value of shares at the local unlisted securities market to N637.16 billion from the N645.54 billion recorded at week 38.
Equally, the NASD OTC Security Exchange Index (NSI) went down by 1.3 per cent or 9.64 points to close the week at 733.06 points as against the preceding week’s 742.70 points.
Business Post reports that during the week, Central Securities Clearing Systems (CSCS) Plc depreciated by 8.3 per cent to settle at N16.50 per share compared with the earlier week’s N17.99 per share.
Friesland Campina Wamco Nigeria Plc went down by 1.7 per cent to N118.00 per unit from N120.00 per unit, Nigerian Exchange (NGX) Group Plc fell by 1.4 per cent to N13.17 per share from N13.36 per share, while NASD Plc lost 0.9 per cent to trade at N11.01 per unit from N11.11 per unit it was sold at the preceding week.
However, there were two price risers but their gains could not put the exchange in the positive territory.
Food Concepts Plc appreciated by 21.3 per cent to 91 kobo per share from the previous week’s 75 kobo per share, while UBN Property Plc gained 10.00 per cent to sell for 99 kobo per unit in contrast to the earlier week’s 90 kobo per unit.
In the week, there was a 1,884.9 per cent surge in the total value of trades to N12.2 billion from N617.1 million, just as the volume of transactions rose by 68,546.6 per cent to 9.7 billion units from 14.1 million units, with the number of deals declining by 46.2 per cent to 100 deals from 186 deals.
At the close of the week, which only had four trading sessions due to the public holiday on Friday, Food Concepts Plc was the most traded security by volume with 9.7 million units. NGX Group Plc exchanged 3.0 million units, NASD Plc transacted 1.8 million units, UBN Property Plc traded 1.0 million units, while Friesland Plc traded 53,796 units.
In terms of the value of trades in the week, Food Concepts Plc also topped with N12.2 million, NGX Group Plc followed with N39.3 million, NASD Plc posted N20.7 million, Friesland Plc recorded N6.4 million, while Niger Delta Exploration and Production (NDEP) Plc raked in N1.6 million.
In the year so far, investors have traded a total of 11.7 billion units of securities valued at N28.9 billion in 4,414 deals.
Modupe Gbadeyanka