Adedapo Adesanya
By Adedapo Adesanya
The first trading session on the floor of the NASD Over-the-Counter (OTC) Securities Exchange closed on a negative note on Monday, depreciating by 0.25 per cent at the close of transactions.
Nigeria’s OTC Exchange found itself in the bearish zone yesterday after the share price Niger Delta Exploration and Production (NDEP) Plc went down by N13 or 6.8 per cent to settle at N190.00 per unit compared with the previous closing price of N203 per unit.
As a result, the NASD Unlisted Securities Index (NSI) decreased by 1.79 points to wrap the session at 700.85 points compared with 702.64 points recorded in the previous session, while the market capitalisation depleted by N2.35 billion to finish at N921.53 billion in contrast to last Friday’s value of N923.88 billion.
During the trading session, the volume of securities traded by investors increased by 1,486.8 per cent to 777,552 units from the preceding session’s 5.1 million units, the value of the stocks transacted by market participants also surged by 2,654.9 per cent to N141.2 million from N5.1 million, while the number of deals carried out depreciated by 11.1 per cent to eight deals compared to the nine deals executed at the previous session.
AG Mortgage Bank Plc closed the day as the most traded stock by volume on a year-to-date basis with a turnover of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with a turnover of 661.2 million units worth N13.9 billion, while Food Concepts Plc was in third place with a turnover of 69.0 million units valued at N56.0 million.
The most traded stock by value on a year-to-date basis remained CSCS Plc with the sale of 661.2 million units for N13.9 billion, AG Mortgage Bank Plc was in second place with 2.3 billion units valued at N1.2 billion, while FrieslandCampina WAMCO Nigeria Plc occupied the third place with 7.6 million units valued at N1.0 billion.
