Economy
NASD Index Slumps 0.73% to 3,874.09 points
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.73 per cent loss on Wednesday, April 15, as a result of profit-taking.
This brought down the NASD Unlisted Security Index (NSI) by 28.31 points to 3,874.09 points from the preceding day’s 3,902.42 points, and crashed the market capitalisation by N16.95 billion to N2.317 trillion from N2.334 trillion.
The market was quite busy at midweek, with the volume of transactions rising by 809.3 per cent to 505,075 units from the 55,546 units recorded on Tuesday, as the value of trades surged 248.5 per cent to N28.9 million from N8.3 million, and the number of deals doubled by 100 per cent to 40 deals from the 20 deals executed a day earlier.
The most active equity by value on a year-to-date basis was Great Nigeria Insurance (GNI) Plc with the sale of 3.4 billion units worth N8.4 billion. The second spot was occupied by Central Securities Clearing System (CSCS) Plc after trading 58.5 million units for N3.9 billion, and the third position was taken by Okitipupa Plc with 27.6 million units traded for N1.8 billion.
GNI Plc also ended the day as the most traded equity by volume on a year-to-date basis with 3.4 billion units valued at N8.4 billion, Resourcery Plc followed with 1.1 billion units sold for N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units exchanged for N1.2 billion.
There were three price gainers and three price decliners at the bourse yesterday.
On the gainers’ chart, FrieslandCampina Wamco Nigeria Plc appreciated by N9.00 to N99.00 per share from N90.00 per share, MRS Oil Plc advanced by N1.10 to N181.50 per unit from N180.40 per unit, and Industrial and General Insurance (IGI) added 1 Kobo to close at 63 Kobo per share versus 62 Kobo per share.
On the flip side, 11 Plc depreciated by N8.20 to N192.80 per unit from N201.00 per unit, CSCS Plc declined by N6.39 to N59.16 per share from N65.55 per share, and First Trust Mortgage Bank Plc fell by 2 Kobo to N2.30 per unit from N2.32 per unit.
