Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange was drowned on Friday by 0.18 per cent by the duo of Niger Delta Exploration and Production (NDEP) Plc and Central Securities Clearing System (CSCS) Plc.
The share price of NDEP fell by N1.50 to settle at N190.50 per unit compared with the previous day’s value of N192.00 per unit, while CSCS depreciated by 40 Kobo to sell at N14.00 per share compared with Thursday’s N14.40 per share.
Consequently, the market capitalisation of the NASD OTC bourse weakened by N1.79 billion to wrap the day at N1.001 trillion in contrast to N1.003 trillion, while the NASD unlisted securities index (NSI) went down by 1.36 points to 760.92 points from 762.28 points.
It was observed that the price of CitiTrust Holdings improved by 49 Kobo during the trading day to N12.84 per share from N12.35 per share, but this could not help push the market into the green territory.
Yesterday, there was a rise in the volume of securities traded at the bourse by investors by 721.6 per cent to 198,914 units from the previous day’s 24,212 units.
Also, the value of transactions rose by 53.4 per cent to N4.9 million from N3.2 million, while the number of deals increased by 59 per cent to nine deals from the six deals recorded in the previous trading session.
At the close of business, AG Mortgage Plc remained the most traded stock by volume (year-t0date) with 2.3 billion units worth N1.2 billion, trailed by CSCS Plc with 686.6 million units valued at N14.2 billion, and Food Concepts Plc with 147.8 million units valued at N128.4 million.
In the same vein, CSCS Plc was the most active stock by value (year-to-date) with 686.6 million units worth N14.2 billion, followed by VFD Group Plc with 24.5 million units worth N6.6 billion, and FrieslandCampina WAMCO Nigeria Plc, which has exchanged 14.1 million units for N1.7 billion.
