Adedapo Adesanya
By Adedapo Adesanya
The bears dominated the floor of the NASD Over-the-Counter (OTC) Securities Exchange, weakening the platform by 0.24 per cent on Monday, November 14.
The outcome followed a loss recorded by 11 Plc, which outweighed the gains reported by FrieslandCampina Wamco Nigeria Plc and UBN Property Plc.
11 Plc depreciated by 8.8 per cent or N15.00 to close at N155.00 per share, in contrast to the N170.00 per share it closed last Friday.
However, FrieslandCampina appreciated by N1.58 or 2.4 per cent to settle at N68.00 per unit compared with the previous rate of N66.42 per unit, while UBN Property Plc went down by 1 kobo or 1.0 per cent to close at 99 Kobo per unit versus 98 Kobo per unit.
At the close of transactions, the NASD unlisted securities index (NSI) moved downwards by 1.73 points to 713.07 points from 714.80 points, and the market capitalisation lost N2.26 billion to wrap the day at N936.99 billion compared with the preceding session’s N939.25 billion.
It was observed that the trading volume improved yesterday by 1,191,269.8 per cent to 30.0 million units of shares from the 2,524 units of shares transacted last Friday.
Also, the trading value rose by 11,367.8 per cent to N35.7 million from N311,522.00, while the number of deals decreased by 14.3 per cent to six deals from the seven deals reported in the previous session.
AG Mortgage Plc remained the most traded stock by volume (year-to-date) with 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with 687.8 million units valued at N14.3 billion, and Lighthouse Financial Services Plc maintained the third spot with 224.7 million units sold for N112.3 million.
In the same vein, CSCS Plc finished the session as the most traded stock by value (year-to-date) with 687.8 million units worth N14.3 billion, followed by VFD Group Plc with 29.1 million units valued at N7.7 billion, and FrieslandCampina WAMCO Nigeria Plc was 15.7 million units valued at N1.8 billion.
