Adedapo Adesanya
By Adedapo Adesanya
The second trading session of the week at the NASD Over-the-Counter (OTC) Securities Exchange on a negative note as the bears pull down the market by 0.64 per cent.
The loss, caused by two securities, dragged the market capitalisation of the OTC platform down by N3.96 billion to N614.14 billion from the preceding day’s N618.10 billion.
Likewise, the NASD Unlisted Security Index (NSI) depreciated by 4.8 points to end the day at 743.35 points as against 748.15 points it recorded at the previous session.
At the market yesterday, Niger Delta Exploration and Production (NDEP) Plc suffered a N21.51 or 9.4 per cent loss to settle at N250.00 per share compared with the previous N228.49 per share, while Food Concepts Plc went down by one kobo or 1.1 per cent to close at 90 kobo per unit in contrast to 91 kobo per unit of the earlier trading day.
Business Post reports that the market witnessed a 56.9 per cent rise in the volume of securities traded by investors to 126,310 units from the 80,500 units transacted at the opening session of the week.
Likewise, there was a surge in the value of shares traded by market participants yesterday as N11.6 million shares exchanged hands, 513.7 per cent more than the N1.9 million shares traded a day earlier.
At the close of transactions, a total of 10 deals were executed by investors, 11.1 per cent higher than the nine deals carried out on Monday.
Food Concepts Plc remained the most active stock by volume (year-to-date) on Tuesday for transacting 11.4 billion units of its shares for N14.4 billion. Lighthouse Financial Services Plc retained the second spot for selling 1.1 billion units worth N546.1 million, while Geo Fluids Plc was in third place for trading 1.0 billion units valued at N700.1 million.
Also, Food Concepts Plc finished the session as the most active stock by value (year-to-date) with the sale of 11.4 billion units worth N14.4 billion. Nigerian Exchange (NGX) Group Plc trailed with 456.5 million units worth N9.2 billion, while VFD Group Plc has sold 10.4 million units valued at 3.5 billion.
