By Adedapo Adesanya
The 26th week of trading at the NASD Over-the-Counter (OTC) Securities Exchange closed marginally lower by 0.14 per cent.
This was despite the unlisted securities market witnessing three price gainers led by Nigerian Exchange (NGX) Group Plc, which rose by 0.39 per cent to settle at N17.99 per unit compared with the previous week’s N17.92.
Central Securities Clearing Systems (CSCS) Plc appreciated by 0.27 per cent to N18.55 per unit from N18.50 per unit, while Niger Delta Exploration & Production (NDEP) Plc gained 0.11 per cent to close at N280.01 per unit versus the preceding week’s N279.69 per unit.
Business Post reports that the loss reported in the week was caused by FrieslandCampina WAMCO Nigeria Plc, which went down by 0.91 per cent to finish at N118.90 per unit compared with N120.00 per unit it closed a week earlier.
This decline suffered by the milk maker shrank the NASD Unlisted Security Index (NSI) by 1.08 points to 753.73 points from 754.81 points of the previous week.
It also reduced the market capitalisation of the NASD Exchange by N0.76 billion to N535.76 billion from N536.52 billion of the preceding week.
In the week, the value of shares transacted by investors increased by 282.4 per cent to N1.1 billion from N276.2 million, while the volume of shares surged by 7,118.3 per cent to 1.1 billion units from 14.6 million units, with the number of deals rising by 17.8 per cent to 172 deals from 146 deals.
Geo Fluid Plc was the most active stock by value with N700 million. NGX Group trailed with N284.8 million, NDEP Plc posted N51.7 million, CSCS Plc recorded N8.4 million, while Acorn Petroleum transacted N6.9 million.
In terms of volume, Geo Fluids Plc was also the most traded stock with 1.0 billion units. Acorn Petroleum Plc traded 40.3 million units, NGX Group exchanged 16.1 million units, CSCS Plc transacted 456,804 units, while NDEP Plc traded 184,412 units.
In the year so far, investors have traded a total of 1,467,046,787 securities worth N9.9 billion in 2,670 deals.
