Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange shed 1.32 per cent on Monday, September 12, with N13.18 billion being wiped off from investors’ portfolios at the close of transactions.
The loss was caused by the trio of FrieslandCampina WAMCO Nigeria Plc, NASD Plc and Central Securities Clearing System (CSCS) Plc.
FrieslandCampina lost N4 to sell for N86.00 per share compared with the preceding session’s N90.00 per share, NASD Plc dropped N1.55 to end the day at N14.05 per unit versus N15.60 per unit, while CSCS Plc fell by Kobo to sell at N13.50 per unit in contrast to N14.40 per unit.
At the close of business, the market capitalisation depreciated to N982.60 billion from N995.78 billion, while the NASD Unlisted Securities Index (NSI) decreased by 10.01 points to wrap the session at 746.42 points compared with 756.43 points recorded in the previous session.
There was a surge in the volume of securities traded at the bourse during the session by 1,062.8 per cent to 1.4 million units from 117,835 units, the value of shares went up by 1,082.4 per cent to N271.9 million from N23.0 million, while the number of deals depreciated by 11.8 per cent to 15 deals from 17 deals.
AG Mortgage Bank Plc remained the most traded stock by volume (year-to-date) with the sale of 2.3 billion units valued at N1.2 billion, CSCS Plc stood in second place with 687.1 million units worth N14.3 billion, while Food Concepts Plc was in third place with the sale of 147.8 million units valued at N128.4 million.
In the same vein, CSCS Plc closed the trading session as the most traded stock by value (year-to-date) with a turnover of 687.1 million units valued at N14.3 billion, VFD Group Plc was in second place with 26.6 million units valued at N7.1 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 14.2 million units valued at N1.7 billion.
