Adedapo Adesanya
By Adedapo Adesanya
The National Association of Securities Dealer (NASD) Over-the-Counter (OTC) Securities Exchange recorded a marginal loss of 0.01 per cent on Tuesday, August 9 despite an appreciation in the share price of Afriland Properties Plc.
The stock price of Afriland Plc rose by 8 Kobo during the session to close at N1.10 per unit compared to the N1.02 per unit it was sold in the Monday session.
When the market closed for the day, the market capitalisation of the OTC exchange depleted by N130 million to finish flat at N1.005 trillion, while the NASD Unlisted Securities Index (NSI) went down by 0.1 points to wrap the session at 764.08 points compared with 764.18 points of the previous session.
The day’s trading activity revealed that there was an increase in the volume of securities traded at the bourse by 92.7 per cent to 1.0 million units from the previous trading day’s 543,054 units, while the value of deals went south by 97.7 per cent to N2.9 million from N125.0 million, with the number of deals increasing by 8.3 per cent to 13 deals from 12 deals.
AG Mortgage Bank Plc maintained its position 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, while Central Securities Clearing System (CSCS) Plc stood in second place with the sale of 686.5 million units worth N14.2 billion, with Food Concepts Plc in third place with a turnover of 147.8 million units valued at N128.4 million.
In the same vein, CSCS Plc was the most active stock by value on a year-to-date basis with the sale of 686.5 million units worth N14.2 billion, VFD Group Plc was in second place with a turnover of 11.1 million units valued at N3.3 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with the sale of 13.9 million units worth N1.7 billion.
