Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange slumped by 0.11 per cent on Thursday, October 12, affected by the weakening in the price of securities.
During the trading session, Nipco Plc led the price losers chart after it lost N6.50 to sell at N80.00 per share versus the preceding day’s price of N86.50 per share, and FrieslandCampina Wamco Nigeria Plc depreciated by 13 Kobo to quote at N72.00 per share compared with the previous day’s N72.13 per share.
As a result, the market capitalisation of the bourse declined by N1.28 billion to close at N1.110 trillion as against Wednesday’s closing value of N1.111 trillion and the NASD Unlisted Security Index (NSI) decreased by 0.94 points to wrap the session at 818.93 points compared with the midweek’s 819.87 points.
Business Post reports that the share price of Mixta Real Estate Plc increased yesterday by 2 Kobo to close at N1.52 per unit, in contrast to the preceding day’s N1.50 per unit.
At the unlisted securities bourse on Thursday, the level of transactions depreciated as the trading volume, value, and deals all went down at the close of business.
The volume of stocks transacted yesterday decreased by 82.4 per cent to 399,426 units from 2.3 million units, the value of shares traded went south by 81.6 per cent to N6.7 million from N36.3 million, and the number of deals went down by 17.7 per cent to 14 deals from 17 deals.
Central Securities Clearing System (CSCS) Plc remained the most traded stock by volume on a year-to-date basis with 1.2 billion units worth N22.2 billion, UBN Property Plc was in second place with 951.8 million units valued at N949.4 million and Geo-Fluids Plc stood in third place with 668.2 units worth N1.2 billion.
Also, CSCS Plc was the most traded stock by value on a year-to-date basis with 1.2 billion units valued at N22.2 billion, VFD Group remained in second spot with 26.5 million units worth N5.9 billion, and Aradel Holdings Plc was in third place with 6.7 million units valued at N2.5 billion.
