Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange depreciated by 0.38 per cent in Week 41 despite having five price gainers and four price losers.
Business Post reports that the market capitalisation of the OTC securities exchange depleted by N1 billion to settle at N1.110 trillion compared with the previous week’s N1.111 trillion, with the NASD Unlisted Security Index (NSI) down by 3.15 points to 816.41 points from 819.56 points.
Nipco Plc depreciated by 7.5 per cent to close at N80.00 per share compared with the previous week’s N86.50 per share, 11 Plc dropped 6.1 per cent to end at N135.63 per unit versus N144.40 per unit, FrieslandCampina Wamco Plc lost 5.9 per cent to close at N72.00 per share versus the previous week’s N76.50 per share, and Geo-Fluids Plc declined by 2.1 per cent to settle at N2.74 per share versus N2.80 per share.
For the gainers, UBN Property Plc rose by 11.5 per cent to N1.45 per unit from N1.30 per unit, Food Concepts Plc added 11.1 per cent to end at N1.60 per unit compared with the preceding week’s N1.44 per unit, Acorn Petroleum Plc gained 10 per cent to finish at 44 Kobo per share versus 40 Kobo per share, Central Securities Clearing System (CSCS) Plc improved by 3.9 per cent to N19.94 per unit versus N19.18 per unit, and Mixta Real Estate Plc made a 1.3 per cent gain to close at N1.52 per share, in contrast to the preceding week’s N1.50 per share.
In the five-day trading week, the total volume of stocks traded slumped by 46.5 per cent to 6.79 million units from 12.67 million in the preceding week and inversely, the value of shares grew by 544.4 per cent to N358.5 million from N55.6 million, and the number of deals increased by 52.4 per cent to 96 deals from 63 deals.
Aradel Holdings Plc was the most traded stock by value with N298.5 million, CSCS Plc traded N41.7 million, FrieslandCampina Wamco Nigeria Plc exchanged N8.7 million, Geo-Fluids Plc transacted N3.2 million, and 11 Plc traded N2.47 million.
In terms of the volume of trades in the week, CSCS Plc topped with 2.11 million units, Acorn Petroleum Plc followed with 1.48 million units, Geo-Fluids Plc posted 1.17 million units, UBN Property Plc recorded 0.59 million units, and Aradel Plc transacted 0.52 million units.
