NASD OTC Stock Market Witnesses 0.13% Depreciation

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By Adedapo Adesanya 

The NASD Over-the-Counter (OTC) Securities Exchange slumped by 0.13 per cent on Wednesday, November 8, affected by a weakening in the health of two admitted securities.

FrieslandCampina Wamco Nigeria Plc further depleted by 40 Kobo in the midweek session to close at N74.00 per share versus the previous day’s N74.40 per share, and UBN Property Plc went down by 12 Kobo to sell at N1.36 per unit compared with Tuesday’s closing price of N1.48 per unit.

The losses posted by the duo pulled down the market capitalisation of the bourse by N1.46 billion to N1.121 trillion from N1.123 trillion, as the NASD Unlisted Security Index (NSI) went down by 1.07 points to wrap the session at 827.24 points compared with the 828.31 points recorded in the previous trading session.

The level of transactions at the unlisted securities bourse yesterday was mixed as the trading value and the number of deals depreciated, while the volume of equities bought and sold by investors increased.

The value of shares traded went south by 0.2 per cent to N24.9 million from N24.9 million on Tuesday and the number of deals went down by 43.8 per cent to nine deals from the 16 deals achieved in the previous day, while the volume of transacted stocks increased by 101.9 per cent to 1.2 million units from 575,265 units traded in the preceding session.

Business Post reports that Central Securities Clearing System (CSCS) Plc ended the day as the most traded stock by volume (year-to-date) with 1.2 billion units sold for N22.3 billion, trailed by UBN Property Plc with 1.1 billion units valued at N1.1 billion, and Geo-Fluids Plc with 701.9 million units worth N1.3 million.

Also, CSCS Plc closed the trading session as the most traded stock by value (year-to-date) with 1.2 billion units valued at N22.3 billion, followed by VFD Group with 26.6 million units worth N5.9 billion, and Aradel Plc with 7.6 million units sold for N3.0 billion.

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