Economy
NASD Exchange Records First Loss in Five Straight Sessions, Down 0.33%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded its first loss in five consecutive sessions, declining by 0.33 per cent on Wednesday, June 11.
At the close of trading activities, the market capitalisation of the bourse declined by N6.45 billion to finish at N1.954 trillion compared with the preceding day’s N1.960 trillion and the NASD Unlisted Security Index (NSI) decreased by 11.01 points to settle at 3,337.24 points, in contrast to Tuesday’s closing value of 3,348.25 points.
Share prices of three companies on the trading platform recorded movements at midweek, according to data obtained by Business Post.
Geo-Fluids Plc was up by 31 Kobo to end at N3.50 per unit versus the preceding day’s N3.19 per unit, and Central Securities Clearing System (CSCS) Plc expanded by 13 Kobo to end at N28.13 per share compared with the previous day’s N28.00 per share.
On the flip side, FrieslandCampina Wamco Nigeria Plc further depreciated by N4.31 yesterday to quote at N74.37 per unit versus the preceding day’s N78.68 per unit.
Yesterday, the volume of securities surged by 1,232.6 per cent to 3.3 million units from the 248,882 units recorded a day earlier, the value of securities went up by 31.8 per cent to N12.9 million from N9.8 million, and the number of deals increased by 46.7 per cent to 44 deals from the 30 deals posted in the preceding trading session.
At the close of business, Impresit Bakolori Plc remained the most active stock by volume on a year-to-date basis with 536.9 million units worth N524.8 million, trailed by Air Liquide Plc with 507.2 million valued at N4.2 billion, and Geo-Fluids Plc with 268.4 million units sold for N475.6 million.
Also, Okitipupa Plc maintained its position as the most active stock by value on a year-to-date basis with 153.7 million units traded for N4.9 billion, followed by Air Liquide Plc with 507.2 million units worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 38.9 million units valued at N1.6 billion.
