By Adedapo Adesanya
The 35th trading week of this year at the NASD Over-the-Counter (OTC) Securities Exchange closed on a negative note with a 0.20 per cent loss.
This caused the wealth of NASD investors to deplete by N1.3 billion during the five-day trading week to N638.75 billion from N640.05 billion in week 34, according to data obtained by Business Post.
Also, the NASD unlisted Security Index (NSI) went down by 1.48 points to close the week at 734.9 points in contrast to 736.38 points of the preceding week.
The poor performance of the market was influenced by the decline in the share prices of four companies admitted on the exchange.
Central Securities Clearing System (CSCS) Plc depreciated by 2.9 per cent to sell at N16.17 per share compared with the previous week’s N16.66 per share, UBN Property Plc lost one per cent to trade at 99 kobo per unit versus the prior week’s N1 per unit, Afriland Properties Plc went down by 0.83 per cent to N1.20 per share from N1.21 per share, while Nigerian Exchange (NGX) Group Plc fell by 0.8 per cent to N16.45 per unit from N16.58 per unit.
In the week, the market only saw a price gainer and this was FrieslandCampina WAMCO Nigeria Plc, which rose by 1.3 per cent to N122.52 per share from N121.00 per share of the preceding week.
On the activity chart, there was a 73.6 per cent decrease in the total value of transactions to N95.4 million from N361.2 billion, while the volume of trades went down by 56.0 per cent to 6.0 million units from 13.7 million units, with the number of deals reducing by 17.8 per cent to 106 deals from 129 deals of the previous week.
The most active stocks for the week by volume were NGX Group Plc at 4.2 million units, UBN Property Plc at 1.0 million units, CSCS Plc at 716,884 units, Friesland at 125,775 units and Afriland Properties Plc at 33,806 units.
Also, the most traded equities by value for the week were NGX Group Plc with N67.3 million. Friesland Plc with N14.9 million, CSCS Plc with N11.7 million, UBN Property Plc with N991,500 and VFD Group Plc with N63,319.
On a year-to-date basis, investors at the unlisted securities market have transacted 1,932,548,848 units of securities worth N14.8 billion in 3861 deals.