Adedapo Adesanya
It was another day in the bearish territory for the NASD Over-the-Counter (OTC) Securities Exchange as it further depreciated by 0.15 per cent on Tuesday, December 21.
This scrapped off N890 million in the market capitalisation of the NASD Exchange, closing at N609.44 billion compared to N610.33 billion it finished at the preceding session.
The NASD Unlisted Security Index (NSI) was not spared as it went down by 1.88 points yesterday to settle at 737.06 points compared with 738.94 points of the previous trading day.
It was observed that the decline recorded yesterday by the unlisted securities market was triggered by NASD Plc, which suffered a loss of N2.01 or 8.7 per cent to trade at N23.04 per unit in contrast to N25.50 per unit it was sold on Monday.
During the session, the volume of securities traded by investors went down by 36.9 per cent as a result of the 10.1 million units sold against the 16.0 million units traded a day earlier.
Also, the value of the stocks depreciated by 41.9 per cent to N223.5 million from the previous day’s N401.5 million, while the number of deals executed on Tuesday increased by 150 per cent to 10 deals from the four deals carried out on Monday.
At the close of transactions, Food Concepts Plc was the most active stock by volume (year-to-date) at the bourse as it has traded 11.4 billion units of its shares for N14.4 billion. Lighthouse Financial Services Plc was the second with the sale of 1.1 billion units traded for N546.2 million, while Geo Fluids Plc was in third place with 1.0 billion units worth N700.1 million.
Also, Food Concepts Plc ended the session as the most traded stock by value on a year-to-date basis with the sale of 11.4 billion units of its securities for N14.4 billion. The now-exited Nigerian Exchange (NGX) Group Plc remained in the second spot with 456.5 million units of its securities valued at N9.2 billion, followed by VFD Group Plc with a turnover of 10.4 million units were valued at N3.5 billion.
Modupe Gbadeyanka