Adedapo Adesanya
By Adedapo Adesanya
The bears remained on the floor of the NASD Over-the-Counter (OTC) Securities Exchange for the fourth straight session this week on Thursday with a decline of 0.47 per cent.
The woes of the OTC exchange were further compounded by the losses recorded by Niger Delta Exploration and Production (NDEP) and Central Securities Clearing System (CSCS) Plc.
NDEP Plc depreciated by N16 or 8.16 per cent to close at N180.00 per share as against the N196.00 per share it traded on Wednesday, while CSCS Plc declined by 36 kobo or 2.20 per cent to close at N16.00 per unit in contrast to the previous day’s N16.36 per unit.
As a result of the poor performance of the duo, the NASD Unlisted Securities Index (NSI) moved downwards by 3.57 points to 762.38 points from 765.95 points, while the market capitalisation depleted by N4 billion to wrap the day at N1.004 trillion as against N1.008 trillion of the midweek session.
There was no price gainer yesterday, but the activity chart closed mixed, with the trading volume and value moving in one direction and the number of trades facing another direction.
The volume of traded securities slid yesterday by 96.8 per cent to 267,046 units from 8.4 million units, the value of the transactions went down by 14.8 per cent to N18.4 million from the previous day’s N21.6 million, while the number of deals improved by 33.3 per cent to 12 deals from the nine deals achieved in the previous session.
AG Mortgage Plc retained its spot as the most traded stock by volume on a year-to-date basis with 2.3 billion units valued at N1.2 billion, CSCS Plc maintained second place with 662.7 million units sold for N13.9 billion, while Food Concepts Plc was in third place with 146.0 million units valued at N126.7 million.
Also, CSCS Plc stood firm as the most traded stock by value on a year-to-date basis with 662.7 million units worth N13.9 billion, VFD Group Plc was in second place with 9.6 million units valued at N2.9 billion, while AG Mortgage Bank Plc was in third place with 2.3 billion units worth at N1.2 billion.
