NASD OTC Bourse Weakens by 0.59%

By Adedapo Adesanya

There was a 0.59 per cent loss at the NASD Over-the-Counter (OTC) Securities Exchange on Monday, May 7, triggered by a decline in the share prices of FrieslandCampina Wamco Nigeria Plc and Geo-Fluids Plc.

FrieslandCampina declined by N5.60 during the session to sell at N50.71 per share compared with last Friday’s closing price of N56.31 per share, and Geo-Fluids Plc lost 4 Kobo to end at N2.20 per unit compared to the previous session’s N2.24 per unit.

On the flip side, Newrest Asl Plc gained N1.95 to trade at N21.43 per unit versus the preceding day’s N19.48 per unit, and Afriland Properties Plc appreciated by 80 Kobo to end at N12.00 per share, in contrast to the preceding session’s N11.20 per share.

At the close of business, the NASD OTC bourse shrank by N8.83 billion to close at N1.490 trillion compared with last Friday’s closing value of N1.499 trillion, and the NASD Unlisted Security Index (NSI) went down by 6.44 points to 1,088.21 points from 1,094.65 points.

The volume of securities traded at the bourse increased yesterday by 16,093 per cent to 5.2 million units from the 32,226 units recorded in the previous trading day, but the value of securities transacted by the market participants moderated by 5.3 per cent to N38.2 million from N40.3 million, and the number of deals increased by 81.8 per cent to 20 deals from the 11 deals carried out in the previous trading session.

Aradel Holdings Plc, with a turnover of 4.0 million units valued at N7.9 billion, remained the most active equity by value on a year-to-date basis, Central Securities Clearing System (CSCS) Plc followed with 45.2 million units sold for N1.3 billion, and Capital Hotels Plc traded 228.6 million worth N1.1 billion.

Also, Capital Hotels Plc, with the sale of 228.6 million shares valued at N1.1 billion, was the most traded stock by volume on a year-to-date basis, was the most active, trailed by IPWA Plc with 79.9 million units worth N40.0 million, Mixta Real Estate Plc has transacted 69.9 million units sold for N114.6 million.