NASD OTC Exchange Falls 1.29%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange recorded its first loss of the week with a 1.29 per cent decline on Thursday, March 5.

This brought down the NASD Unlisted Security Index (NSI) by 54.84 points to 4,256.41 points from 4,256.41 points, while the market capitalisation shed N32.82 billion to close at N2.546 trillion versus Wednesday’s N2.524 trillion.

The loss was due to the drop in the share prices of securities on the trading platform led by MRS Oil Plc, which lost N20.00 to trade at N210.00 per unit versus the previous session’s N230.00 per unit.

FrieslandCampina Wamco Nigeria Plc dropped N4.35 to sell for N124.48 per share compared with Wednesday’s price of N128.83 per share, Central Securities Clearing System (CSCS) Plc depreciated by N2.33 to N80.16 per unit from N82.59 per unit, Lagos Building Investment Company (LBIC) Plc shrank by 37 Kobo to N3.75 per share from N4.12 per share, and Food Concepts Plc declined by 33 Kobo to N3.06 per unit from N3.36 per unit.

Conversely, Newrest Asl Plc added N5.06 to sell at N55.59 per share versus N50.53 per share, and Geo-Fluids Plc grew by 12 Kobo to N3.30 per unit from N3.18 per unit.

During the session, the volume of securities jumped 43.4 per cent to 3.8 million units from 2.6 million units, the value of securities increased by 560.5 per cent to N423.3 million from N2.6 million, and the number of deals dipped 8.7 per cent to 42 deals from the preceding session’s 46 deals.

CSCS Plc remained the most traded stock by value (year-to-date) with 36.9 million units worth N2.3 billion, followed by Okitipupa Plc with 6.3 million units traded for N1.1 billion, and MRS Oil Plc exchanged 3.4 million units for N506.6 million.

Resourcery Plc ended the day as the most traded stock by volume (year-to-date) with 1.05 billion units sold for N408.7 million, followed by Geo-Fluids Plc with 123.1 million units valued at N481.6 million, and CSCS Plc with 36.9 million units worth N2.3 billion.