NASD Securities Market Extends Loss by 0.03%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange recorded a marginal slide of 0.03 per cent to remain in the red territory on Wednesday, April 26.

In the preceding session, the market dropped 1.44 per cent and this continued into the midweek session with the NASD Unlisted Securities Index (NSI) losing 0.25 points to wrap the session at 727.90 points compared with 728.15 points in the previous session.

Similarly, the sum of N350 million was sliced from the market capitalisation of the bourse to close the session at N1.006 trillion from N1.007 trillion.

The unlisted securities market recorded a price loser and a price gainer during the trading session, with Central Securities Clearing System (CSCS) Plc depreciating by 7 Kobo to close at N13.00 per share compared with the previous day’s N13.07 per share, as Afriland Properties Plc appreciated yesterday by 4 Kobo to close at N2.30 per unit, in contrast to Tuesday’s closing value of N2.26 per unit.

During the session, the volume of securities traded at the bourse went down by 60.0 per cent to 2.8 million units from the 7.0 million units quoted at the Tuesday session.

Also, the value of shares traded at the session went down by 56.2 per cent to N7.6 million from the N17.3 million achieved a day earlier.

These transactions were carried out in seven deals, in contrast to the 12 deals executed in the preceding trading session, indicating a decline of 41.7 per cent.

Geo-Fluids Plc remained the most traded stock by volume (year-to-date) with the sale of 820.8 million units valued at N1.3 billion, Industrial and General Insurance (IGI) Plc stood in second place with 615.6 units worth N48.6 million, while UBN Property Plc was in third place with 369.8 million units valued at N313.0 million.

The most traded stock by value (year-to-date) was VFD Group Plc as it has transacted 10.4 million units worth N2.4 billion, Geo-Fluids Plc followed with 820.8 million units worth N1.3 billion, and FrieslandCampina Wamco Nigeria Plc was in third place with 4.6 million units valued at N320.4 million.