Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) landed in the negative zone on Monday after it depreciated by 0.07 per cent on the back of a decline in the share price of NASD Plc.
The stock went down during the session by N1.50 or 9.09 per cent to close at N15.00 per share compared with the previous session’s N16.50 per share and in the absence of a price gainer, the market capitalisation of the bourse went down by N740 million to N1.018 trillion from N1.018 trillion, while the NASD Unlisted Securities Index (NSI) decreased by 0.56 points to wrap the session at 773.47 points compared with 774.03 points recorded in the previous session.
Securities valued at N548,900 were transacted yesterday by traders, 96.4 per cent lower than the N15.4 million printed last Friday and it was the same scenario that played out with the trading volume, which depreciated by 91.6 per cent to 10,700 units from 127,001 units as the number of deals executed decreased by 70 per cent to three deals from 10 deals.
The most traded stock by volume on a year-to-date basis was still AG Mortgage Bank Plc with 2.3 billion units valued at N1.2 billion, while Central Securities Clearing System (CSCS) Plc stood in second place with 674.4 million units worth N14.1 billion, with Food Concepts Plc in third place for selling 146.5 million units valued at N127.1 million.
As for the most traded stock by value on a year-to-date basis, it was still CSCS Plc on top of the chart with 674.4 million units worth N14.1 billion, followed by VFD Group Plc with 10.9 million units worth N3.2 billion, and FrieslandCampina WAMCO Nigeria Plc, which has sold 9.7 million units valued at N1.2 billion.
