Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange returned to the positive side of the coin last week after it recorded a 0.22 per cent week-on-week appreciation.
This happened as the bourse saw one gainer versus two losers in the week under review, leading the market capitalisation of the trading platform rising by N1 billion to N1.023 trillion from the N1.022 trillion quoted in Week 14.
The NASD securities index (NSI) also added 1.61 points to wrap the week at 739.58 points compared with 737.97 points recorded in the previous week.
The sole gainer in the week was Central Securities Clearing System (CSCS), which recorded an 8.0 per cent rise to end the week at N14.70 per unit, in contrast to the preceding week’s N13.61 per unit.
However, the duo of FrieslandCampina Wamco Nigeria Plc and Niger Delta Exploration and Production (NDEP) Plc were the price losers of the week.
FrieslandCampina Wamco Nigeria Plc lost 1.5 per cent to end at N79.00 per share versus N80.19 per share of the previous week, and NDEP Plc depleted by 4.9 per cent to close at N210.00 per share as against the earlier week’s value of N215.00 per share.
Industrial and General Insurance (IGI) Plc was the most traded stock last week by volume with 513.5 million units, followed by Food Concepts Plc with 7.5 million units, Afriland Properties Plc with 359,166 units, NDEP Plc 148,608 units, and CSCS Plc with 100,000 units.
By value, IGI Plc also topped with N41 million, trailed by NDEP Plc with N31 million, FrieslandCampina Wamco Nigeria Plc with N7 million, Food Concepts Plc also had N7 million, while CSCS Plc had N1 million.
In the week, there was a 33.0 per cent increase in the total value of trades to N89.8 million from N67.5 million, as the volume of transactions surged by 3457.5 per cent to 521.8 million units compared to 14.7 million units in Week 14.
On a year-to-date basis, investors have transacted 1.06 billion units valued at N4.19 billion in 936 deals.
