NASD Index Extends Loss by 0.76%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange extended its loss by 0.76 per cent on Wednesday, September 17, with the market capitalisation dipping by N16.70 billion to N2.114 trillion from the preceding day’s N2.130 trillion, and the NASD Unlisted Security Index (NSI) depreciating by 27.02 points to 3,534.22 points from Tuesday’s 3,561.24 points.

Yesterday, 11 Plc further declined by N20.99 to close at N209.01 per unit versus the preceding day’s N230.00 per unit, FrieslandCampina Wamco Nigeria Plc depreciated by N4.00 to close at N56.00 per share versus N6.00 per share, and Central Securities Clearing System (CSCS) Plc lost 30 Kobo to end at N41.00 per unit, in contrast to the N41.30 per unit it was priced a day earlier.

However, the price of Industrial and General Insurance (IGI) Plc went down by 5 Kobo during the session to end at 59 Kobo per share compared with the preceding day’s 54 Kobo per share.

At midweek, the volume of securities traded slid by 80.7 per cent to 450,722 units from the previous 2.3 million units, but the value of securities jumped by 293.8 per cent to N63.7 million from N16.2 million, and the number of deals increased by 9.1 per cent to 24 deals from 21 deals.

When trading activities ended for the session, Okitipupa Plc was the most traded stock by value on a year-to-date basis with 158.7 million units transacted for N6.0 billion, followed by Air Liquide Plc with 507.3 million units worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 45.0 million units valued at N2.0 billion.

IGI Plc was still the most traded stock by volume on a year-to-date basis with 1.2 billion units worth N418.4 million, trailed by Impresit Bakolori Plc with 536.9 million units for N524.8 million, and Air Liquide Plc with 507.3 million units valued at N4.2 billion.