Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed in the red zone on Thursday, January 25 after recording a 0.4 per cent depreciation at the close of business.
The loss was influenced by three companies admitted to the alternative stock exchange, leaving the market capitalisation down by N5.54 billion to close at N1.387 trillion compared with the preceding day’s N1.1393 trillion, and the NASD Unlisted Security Index (NSI) dropped 4.09 points to end the day at 1,023.72 points versus the 1,027.81 points it closed on Wednesday.
FrieslandCampina Wamco Nigeria Plc lost N1.55 during the trading session to quote at N78.42 per unit versus the midweek session’s N79.97 per unit, Central Securities Clearing System (CSCS) Plc shed 50 Kobo to close at N20.00 per unit compared with the previous day’s N20.50 per unit, and Resourcery Plc slumped by 3 Kobo to 40 Kobo per share from 43 Kobo per share.
However, AG Mortgage Bank Plc rose by 1 Kobo to 48 Kobo per share from 47 Kobo per share, and Acorn Petroleum Plc gained 1 Kobo to trade at 84 Kobo per unit, in contrast to the previous day’s 83 Kobo per unit.
As for the activity chart, it was all red after the volume of securities went down by 84 per cent to 910,596 units from 5.7 million units, the value of shares decreased by 56.9 per cent to N17.3 million from N40.1 million, and the number of deals declined by 16 per cent to 21 deals from the 25 deals carried out on Wednesday.
The most traded stock by volume (year-to-date) was IPWA Plc with 48.9 million units sold for N24.4 million, Geo-Fluids was in second place with 30.0 million units valued at N73.5 million, and UBN Property Plc stood in third place with 29.9 million units worth N52.3 million.
The most traded stock by value (year-to-date) was Aradel Plc with a turnover of 346,945 units worth N446.6 million, FrieslandCampina Plc followed with 2.2 million units valued at N169.4 million, and Geo-Fluids Plc remained in third with 30.0 million units valued at N73.5 million.
