NASD OTC Exchange Records 0.03% Drop
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange opened the week, after Monday’s Democracy Day break, on Tuesday, June 13 on a negative note as it depreciated by 0.03 per cent.
This reduced the market capitalisation of the NASD OTC Exchange by N320 million to settle at N1.014 trillion, in contrast to the preceding session’s value of N1.013 trillion.
Further, the NASD Unlisted Securities Index (NSI) ended in the negative territory after it lost 2.80 points to wrap the session at 741.97 points compared with 743.84 points in the previous session.
The market breadth was flat as there was one gainer against one loser.
The price gainer was Industrial and General Insurance (IGI) Plc, which improved by 1 Kobo price to close at 8 Kobo per share, in contrast to last Friday’s closing price of 7 Kobo.
On the flip side, FrieslandCampina Wamco Nigeria Plc depreciated by 24 Kobo to close at N69.76 per unit versus the previous day’s N70.00 per unit.
There was a 40.7 per cent rise in the volume of securities traded by investors to 1.9 million units from 1.3 million units, the value of shares traded at the session ballooned by 137.4 per cent to N7.3 million from last Friday’s N3.1 million, and the number of deals went up by 77.8 per cent to 32 deals from the 18 deals carried out in the preceding trading session.
Geo-Fluids Plc remained the most traded stock by volume (year-to-date) with the sale of 833.1 million units valued at N1.3 billion, IGI Plc stood in second place with 630.1 units valued at N49.6 million, while UBN Property Plc was in third place with 395.9 million units worth N336.6 million.
VFD Group Plc retained its spot as the most traded stock by value (year-to-date) with 11.0 million units worth N2.5 billion, Geo-Fluids Plc has traded 833.1 million units worth N1.3 billion, while FrieslandCampina Wamco Nigeria Plc has exchanged 17.9 million units valued at N1.3 billion.