Adedapo Adesanya
By Adedapo Adesanya
A 1.16 per cent loss was reported by the National Association of Securities Dealers (NASD) Over-the-Counter (OTC) Securities Exchange in Week 17 on the back of sustained selling pressure.
This trimmed the market capitalisation of the unlisted exchange by N11 billion to N1.010 trillion from the N1.021 trillion achieved in Week 16.
Also, the NASD Unlisted Securities Index (NSI) lost 8.56 points in the week, which had four trading sessions, to close at 730.21 points compared with the 738.77 points recorded in the previous week.
Data revealed that Central Securities Clearing System (CSCS) recorded a 13.47 per cent slide to end the week at N12.33 per share versus the preceding week’s N14.25 per share, 11 Plc went down by 3.57 per cent to N13.50 per share from the previous week’s N14.00 per share, while Capital Bancorp Plc dropped 2.22 per cent to end at N2.20 per unit compared with earlier week’s N2.25 per unit.
On the flip side, Afriland Properties Plc made a 1.77 per cent rise to end at N2.30 per unit versus N2.26 per unit in the previous week, while FrieslandCampina Wamco Nigeria Plc jumped by 0.53 per cent to N79.42 per unit from N79.00 per unit.
In the week, the value of transactions went down by 47.3 per cent to N44.3 million from N84.0 million, and the volume of trades slumped by 18.1 per cent week-on-week to 20.0 million units from 24.5 million units.
At the close of the week, UBN Property Plc was the most traded stock by volume with 10.00 million units, Afriland Properties Plc traded 9.8 million units, CSCS Plc exchanged 137,516 units, FrieslandCampina Wamco Nigeria Plc transacted 131,175 units, and 11 Plc sold 5,444 units.
By value, Afriland Properties Plc topped the log with N22 million, FrieslandCampina Wamco Nigeria Plc followed with N10.6 million, UBN Property Plc traded N8.6 million, CSCS transacted 1.8 million, and 11 Plc traded N0.7 million.
On a year-to-date basis, NASD investors have bought and sold 1.64 billion securities valued at N4.32 billion in 1,028 deals.
