Economy
NASD Exchange Falls 0.14% to Extend Consecutive Losing Streak to Three
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange fell further by 0.14 per cent on Wednesday, January 21, remaining in the danger zone for the third straight day.
This reduced the market capitalisation of the platform by N3.13 billion to N2.184 trillion from the N2.187 trillion it finished a day earlier, and the NASD Unlisted Security Index (NSI) lost 5.23 points to 3,651.13 points from 3,656.36 points.
Yesterday, two securities depreciated, with FrieslandCampina Wamco Nigeria Plc shrinking by N2.96 to sell at N69.04 per share compared with the previous day’s N72.00 per share, and Central Securities Clearing System (CSCS) Plc dropped 96 Kobo to close at N40.47 per unit versus Tuesday’s closing price of N41.43 per unit.
During the session, there were five price gainers led by Food Concepts Plc as it chalked up 25 Kobo to sell at N3.00 per share versus the preceding session’s N2.75 per share, IPWA Plc went up by 18 Kobo to end at N1.97 per unit versus N1.79 per unit, Ge0-Fluids Plc improved by 6 Kobo to trade at N7.06 per share compared with Tuesday’s closing price of N7.00 per share, First Trust Mortgage Bank Plc expanded by 6 Kobo to sell at 69 Kobo per unit versus 63 Kobo per unit, and Mass Telecom Innovation Plc added 4 Kobo it previous traded value of 40 Kobo per share to end at 44 Kobo per share.
Business Post reports that the total value of transactions jumped by 74.9 per cent in the midweek session to N75.7 million from N43.3 million, the volume of transactions went up by 71.9 per cent to 4.5 million units from 2.6 million units, and the total number of deals appreciated 40 per cent to 42 deals from 30 deals.
CSCS Plc remained the most traded stock by value on a year-to-date basis with 5.4 million units traded for N217.2 million, followed by MRS Oil Plc with 278,971 units valued at N55.7 million, and Geo-Fluids Plc with 7.7 million units worth N52.2 million.
Geo-Fluids Plc ended the session as the most active stock by volume on a year-to-date basis with 7.7 million units sold for N52.2 million, followed by CSCS Plc with 5.4 million units transacted for N217.2 million, and Industrial and General Insurance (IGI) Plc with 3.1 million units worth N1.9 million.
