By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange returned to the bearish zone on Thursday, December 15, as it depreciated 0.31 per cent, driven by the negative price movements in three companies.
Niger Delta Exploration and Production (NDEP) Plc led the price losers’ chart during the session after it fell by N5.42 to N175.00 per unit from N180.42 per unit. Friesland Campina Wamco Nigeria Plc continued its downward trend as it recorded a 75 Kobo price slide to close at N65.25 per share compared with the previous day’s N66.00 per share, while UBN Property Plc lost 8 Kobo to settle at 81 Kobo per unit versus Wednesday’s closing price of 89 Kobo per unit.
The trio shortened the market capitalisation of the NASD OTC by N2.90 billion to N929.47 billion from N932.37 billion and cut the NASD Unlisted Securities Index (NSI) by 2.2 points to 707.36 points from 709.56 points.
During the session, there was a surge in the volume of securities traded at the bourse by 3,576.8 per cent as investors transacted 5.1 million units of stocks compared to the preceding day’s 137,403 units of stocks.
Likewise, the value of shares traded at the session expanded to N8.2 million, which by evaluation is 48.8 per cent higher than the N5.5 million posted on Wednesday.
This came from nine deals executed at the session, indicating a 28.6 per cent appreciation compared to the preceding session, where seven deals were executed.
AG Mortgage Bank Plc remained the most traded stock by volume on a year-to-date basis, with the sale of 2.3 billion units worth N1.2 billion. Central Securities Clearing Systems (CSCS) Plc stood in second place with 688.1 million units valued at N14.3 billion, while Lighthouse Financial Services Plc was in third place with 224.7 million units valued at N112.3 million.
In the same vein, CSCS Plc ended the trading day as the most traded stock by value (year-to-date) with the sale of 688.1 million units exchanged at N14.3 billion, VFD Group Plc was in second place with 29.1 million units of stocks valued at N7.7 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 18.0 million units worth N2.0 billion.
