NASD Index Falls 0.28% as Investors Lose N6.64bn

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange extended the negative start to the week by 0.28 per cent on Tuesday, February 24, with the market capitalisation down by N6.64 billion to close at N2.378 trillion versus Monday’s N2.384 trillion, and the NASD Unlisted Security Index (NSI) falling by 11.1 points to 3,974.80 points from 3,985.90 points.

At the session, transaction value skyrocketed by 1,706.3 per cent to N1.2 billion from the previous day’s N61.8 million, as the transaction volume increased by 59.1 per cent to 11.6 million units from 7.3 million units, and the number of deals expanded by 23.1 per cent to 48 deals from the preceding session’s 39 deals.

Central Securities Clearing System (CSCS) Plc remained the most active stock by value on a year-to-date basis with 33.7 million units exchanged for N2.0 billion, Okitipupa Plc was next with 6.2 million units traded for N1.1 billion, and Geo-Fluids Plc occupied the third position with 121.0 million units valued at N474.9 million.

Resourcery Plc emerged as the most traded stock by volume on a year-to-date basis with 1.05 billion units worth N408.7 million, followed by Geo-Fluids Plc with the sale of 121.0 million units for N474.9 million, and CSCS Plc with 33.7 million units worth N2.0 billion.

Yesterday, the market breadth was flat after the bourse finished with three price gainers and three price losers led by MRS Oil Plc, which shed N14.50 to close at N200.00 per share versus the previous day’s N214.50 per share, CSCS Plc depleted by N1.39 to N65.82 per unit from N67.21 per unit, and Geo-Fluids Plc depreciated by 1 Kobo to close at N3.30 per share versus Monday’s N3.31 per share.

The price gainers were led by FrieslandCampina Wamco Nigeria Plc, which improved its value by N1.60 to close at N95.00 per unit compared with the preceding session’s N93.40 per unit, Afriland Property Plc gained 83 Kobo to sell at N18.00 per share versus N17.17 per share, and First Trust Mortgage Bank Plc advanced by 13 Kobo to N1.45 per unit from N1.32 per unit.