NASD Market Capitalisation Falls to N2.515trn After 0.88% Loss

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange further slid by 0.88 per cent on Wednesday, November 4, amid waning investor appetite.

This depleted the bourse’s market capitalisation by N22.4 billion to N2.515 trillion from N2.537 trillion, and contracted the NASD Security Index (NSI) by 37.32 points to 4,191.14 points from 4,228.46 points.

The loss posted yesterday came as the unlisted securities exchange ended with three price gainers and three price losers.

Okitipupa Plc gave up N26.90 to settle at N242.10 per unit compared with the previous day’s N269.00 per share, 11 Plc declined by N24.01 to N220.20 per unit from N244.21 per unit, and Central Securities Clearing System (CSCS) Plc lost 28 Kobo to close at N92.42 per share compared with Tuesday’s N92.70 per share.

Conversely, Industrial and General Insurance (IGI) Plc gained 7 Kobo to finish at 75 Kobo per unit versus 68 Kobo per unit, Nipco Plc expanded by 1 Kobo to N415.00 per share from N414.99 per share, and Mass Telecom Innovation Plc also improved by 1 Kobo to 32 Kobo per unit from 31 Kobo per unit.

The volume of trades surged by 97.7 per cent to 517,920 units from 262,005 units, the value of transactions soared by 122.9 per cent to N52.8 million from N23.7 million, and the number of deals leapt by 34.8 per cent to 31 deals from 23 deals.

Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, trailed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units exchanged for N6.5 billion, and CSCS Plc with 81.8 million units worth N6.0 billion.

GNI Plc also finished the session as the most traded stock by volume on a year-to-date basis, with 3.4 billion units transacted for N8.4 billion, followed by Infracredit Plc with 2.3 billion units traded for N6.5 billion, and Resourcery Plc with 1.1 billion units sold for N415.7 million.