NASD OTC Exchange Shrinks 0.05%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange weakened by 0.05 per cent on Monday, January 19, with the market capitalisation declining by N1.1 billion to end N2.194 trillion from N2.195 trillion and the NASD Unlisted Security Index (NSI) down by 1.83 points to end at 3,667.22 points, compared with last Friday closing price of 3,669.05 points.

There were seven price movers, with four gainers and three losers led by FrieslandCampina Wamco Nigeria Plc, which dipped by N1.29 to N73.71 per share from N75.00 per share, Food Concepts Plc lost 31 Kobo to close at N2.75 per unit versus N3.06 per unit, and UBN Property Plc went down by 4 Kobo to N2.01 per share from N2.05 per share.

On the flip side, Central Securities Clearing System (CSCS) Plc led the gainers as it rose by N1.80 to settle at N41.80 per unit compared with last Friday’s rate of N40.00 per unit, Air Liquide Plc appreciated by N1.40 to N15.40 per share versus N14.00 per share, IPWA Plc improved its value by 15 Kobo to end at N1.63 per unit versus N1.48 per unit, and Geo-Fluids Plc added 14 Kobo to trade at N7.14 per share compared with the preceding trading day’s N7.00 per share.

Meanwhile, the volume of securities traded rose by 642.2 per cent to 2.7 million units from 364,080 units, the total value of securities jumped by 288.0 per cent to N18.2 million from N4.7 million, and the number of deals increased by 104.8 per cent to 43 deals from 21 deals.

CSCS Plc remained the most traded stock by value on a year-to-date basis with 3.2 million units valued at N126.9 million, trailed by MRS Oil Plc with 271,121 units worth N54.1 million, and Geo-Fluids Plc with 7.5 million units sold for N51.2 million.

The most traded stock by volume on a year-to-date basis was Geo-Fluids Plc with 7.5 million units exchanged for N51.2 million, followed by CSCS  Plc with 3.2 million units traded for N126.9 million, and Industrial and General Insurance (IGI) Plc transacted 3.1 million units valued at N1.9 million.