By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange remained in the bearish zone on Tuesday, May 17 as another negative price movement dragged the bourse down by 0.03 per cent.
This came as a Nigerian financial services company, Capital Bancorp Plc, made a 38 kobo or 9.92 per cent drop to sell at N3.45 per unit compared with the previous day’s N3.83 per unit.
This slacked the market capitalisation of the NASD OTC exchange by N290 million to N1.06 trillion from N1.06 trillion, while the NASD Unlisted Securities Index (NSI) decreased by 0.23 points to wrap the session at 807.33 points compared with 807.56 points recorded in the previous session.
A total of 145,884 units of securities were transacted yesterday, 138.6 per cent higher than the 61,131 units of securities traded in the preceding session.
However, the value of shares traded during the session went south by 71.5 per cent to N1.3 million from N4.6 million, while the number of deals remained flat for the second trading day at 11 deals.
At the close of transactions, AG Mortgage Plc remained 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 the sale of 661.7 million units worth N13.9 billion, while Food Concepts Plc was in third place with the sale of 94.0 million units valued at N77.8 million.
On the flip side, CSCS Plc was the most traded security by value on a year-to-date basis with a turnover of 661.6 million units valued at N13.9 billion, VFD Group Plc was in second place with a turnover of 9.4 million units worth N2.9 billion, while AG Mortgage Bank Plc was in third place with a turnover of 2.3 billion units valued at N1.2 billion.
Modupe Gbadeyanka