NASD OTC Bourse Remains in Red Zone After 0.02% Decline
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange continued to languish in the bearish territory following a 0.02 per cent slide on Thursday, September 15 caused by the losses posted by Niger Delta Exploration and Production (NDEP) and NASD Plc.
NDEP Plc declined by N5 to close at N195.00 per share as against the N200.00 per share it closed at the last session and NASD Plc depreciated by 19 Kobo to settle at N12.51 per unit in contrast to Wednesday’s N12.70 per unit.
As a result of this, the NASD unlisted securities index (NSI) moderated by 0.17 points to 741.08 points from 741.25 points and the market capitalisation went down by N230 million to finish at N975.57 billion as against the preceding session’s N975.80 billion.
During the session, Nipco Plc grew by N2 to close at N60.00 per unit compared with N58.00 per unit, while the stock price of CitiTrust Holdings Plc went up by 40 Kobo to N13.50 from N13.10.
Yesterday, the trading volume jumped by 130,162.3 per cent to 178.8 units of shares from the previous day’s 137,271 units of shares, while the trading value rose by 2,598.2 per cent to N333.1 million from N12.3 million, with the number of deals rising by 100.00 per cent to 10 deals from five deals.
AG Mortgage Bank Plc ended the session as the most traded stock by volume on a year-to-date basis with the sale of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with 687.5 million units worth N14.3 billion, while Mixta Real Estate Plc was in third place with 178.0 million units valued at N313.4 million.
Also, CSCS Plc was the most active stock by value on a year-to-date basis with the sale of 687.5 million units worth N14.3 billion, VFD Group Plc was in second place with 27.7 million units valued at N7.4 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 14.2 million units valued at N1.7 billion.