Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed the last trading day of the week, Friday, May 5, on a negative note after it depreciated marginally by 0.01 per cent due to a decline in the share price of Afriland Properties Plc.
As a result, the market capitalisation of the NASD OTC stock exchange went down by N140 million to close the day at N1.004 trillion from N1.004 trillion.
In the same vein, the NASD Unlisted Securities Index (NSI) decreased by 0.1 points to wrap the session at 726.02 points compared with 726.12 points in the previous session.
At the session, the stock price of Afriland Plc dropped by 10 Kobo to close at N2.30 per unit compared to the N2.40 per unit it closed at the preceding session.
The day’s trading activity revealed that there was an increase in the volume of securities traded at the bourse by 88.0 per cent to 304,237 units from the 161,804 units reported a day earlier.
However, the value of transactions declined during the session by 89.7 per cent to N891,561.70 from the N8.6 million published by the bourse at the previous session.
These trades were carried on Friday in eight deals compared with the 13 deals carried out by the market participants in the preceding trading session, indicating a decline of 38.5 per cent.
The market was without a price gainer yesterday.
Geo-Fluids Plc remained the most traded stock by volume (year-to-date) with 820.8 million units valued at N1.3 billion, IGI Plc stood in second place with 627.7 units valued at N49.4 million, while UBN Property Plc was in third place with 379.8 million units valued at N321.6 million.
Conversely, VFD Group Plc closed the session as the most traded stock by value (year-to-date) with 10.4 million units worth N2.4 billion, Geo-Fluids Plc retained the second spot with 820.8 million units valued at N1.3 billion, as FrieslandCampina Wamco Nigeria Plc was in third place with 5.0 million units worth N349.7 million.
