Adedapo Adesanya
By Adedapo Adesanya
The first trading session on the floor of the NASD Over-the-Counter (OTC) Securities Exchange started on a wrong note with a marginal 0.04 per cent loss triggered by the Nigerian Exchange (NGX) Group Plc.
At the NASD OTC exchange on Monday, NGX Group suppressed the gains posted by NASD Plc and this made the market capitalisation of the bourse deplete by N280 million to N645.26 billion from N645.54 billion.
Consequently, the NASD Unlisted Security Index (NSI) went down by 0.32 basis points to wrap the session at 742.38 points compared with 742.70 points recorded last Friday.
Business Post reports that the share price of NGX Group went down yesterday by 23 kobo or 1.8 per cent to settle at N13.13 per unit compared to N13.36 per unit of the previous trading day.
On its part, NASD Plc continued its gaining streak with a 39 kobo or 3.4 per cent appreciation to close the session at N11.50 per share in contrast to N11.11 per share of the previous session.
During the trading day, a total of 1.4 billion units of shares were transacted by investors compared to the 3.5 million units of share recorded at the previous session, indicating a surge of 40,612.0 per cent.
Likewise, there was a jump in the value of shares traded yesterday as the market participants transacted shares worth N1.8 billion in contrast to the N53.9 million transacted last Friday, signifying a 3,266.9 per cent jump.
These trades were carried out in 30 deals, 26.8 per cent lower than the 41 deals executed at the prior trading session.
Unlike in the previous trading session, Food Concepts Plc became the most active stock by volume on a year-to-date basis at the close of transactions on Monday for trading 3.2 billion stocks for N3.9 billion. Geo Fluids Plc slipped to the second position with 1.0 billion units valued at N700.1 million, NGX Group Plc dropped to third with 452.9 million units worth N9.2 billion.
However, NGX Group Plc maintained its position as the most active stock by value on a year-to-date basis with 452.9 million units of its securities sold for N9.2 billion. Food Concepts Plc trailed with 3.2 billion units of its securities sold for N3.9 billion, while VFD Group Plc has traded 10.4 million units of its securities for N3.5 billion.
