By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange was dragged to the bearish zone on Wednesday, July 20 as a negative price movement in FrieslandCampina WAMCO Nigeria Plc removed 0.69 per cent from the platform.
The market capitalisation of the NASD bourse went down by N7.07 billion during the session to settle at N1.010 trillion from the previous day’s N1.017 trillion, while the NASD Unlisted Securities Index (NSI) lost by 5.37 points to end the session at 767.80 points compared with 773.17 points recorded at the previous session.
FrieslandCampina Plc saw its equity lose N4.90 to close at N97.60 per unit in contrast to the N102.50 per unit it closed on Tuesday.
However, there were two price gainers yesterday led by CitiTrust Holdings Plc, which gained 80 Kobo to close at N8.80 per unit versus the preceding day’s N8.00 per unit, while Central Securities Clearing System (CSCS) Plc appreciated by 23 Kobo to end at N13.83 per share in contrast to N13.60 per share.
During the session, the volume of securities traded by investors declined by 57.9 per cent to 209,343 units from 497,464 units, the value of shares, however, appreciated by 2.6 per cent to N10.7 million from the preceding session’s N10.4 million, as the number of deals executed increased by 18.2 per cent to 13 deals from 11 deals on Tuesday.
At the close of business, AG Mortgage Plc was the most traded stock by volume (year-to-date) with 2.3 billion units valued at N1.2 billion, CSCS Plc occupied second place with 676.2 million units worth N14.1 billion, while Food Concepts Plc was in third place with 146.5 million units valued at N127.2 million.
Conversely, CSCS Plc was the most traded stock by value (year-to-date) with 676.2 million units exchanged for N14.1 billion, followed by VFD Group Plc with 11.1 million units valued at N3.3 billion, and FrieslandCampina WAMCO Nigeria Plc with the sale of 12.1 million units worth N1.5 billion.
