NASD OTC Index Records 0.01% Fall
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed in the negative territory on Tuesday, February 15 following a marginal 0.01 per cent drop at the close of transactions.
The defeat came on the back of loss recorded by NASD Plc as the shares of the company went down by 8 kobo or 0.9 per cent to close at N8.80 per unit compared with N8.88 per unit of the previous session.
As a result of this, the NASD unlisted securities index (NSI) moved down by 0.04 points to settle at 751.92 points as against 751.96 points it ended on Monday.
Equally, the market capitalisation depreciated by N30 million to wrap the day at N636.71 billion in contrast to N636.74 billion it finished at the preceding day.
During the session, the trading volume also fell by 84.9 per cent as a total of 258,268 units of shares exchanged hands compared with the 1.7 million units of shares transacted on Monday.
In the same vein, the trading value declined yesterday by 66.1 per cent to N3.1 million from the previous day’s value of N9.0 million, while the number of deals carried out decreased by 57.1 per cent to six deals from the 14 deals executed at the previous session.
Central Securities Clearing Systems (CSCS) Plc ended the trading day as the most active stock by volume on a year-to-date basis with a turnover of 654.5 million units worth N13.7 billion, followed by NASD Plc with 4.3 million units valued at N61.8 million, and Food Concepts Plc with 3.0 million units valued at N2.4 million.
In terms of the most active stock by value on a year-to-date basis, CSCS Plc was also on top of the table with the sale of 654.5 million units valued at N13.7 billion, trailed by VFD Group Plc with the sale of 916,161 units worth N331.5 million, and Friesland Campina WAMCO Nigeria Plc with the sale of 2.0 million units for N243.7 million.