By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange depreciated by 0.95 per cent on Wednesday following the decline posted by the trio of FrieslandCampina WAMCO Nigeria, Niger Delta Exploration and Production (NDEP) Plc, and CitiTrust Holdings Plc.
The trio sliced N9.47 billion from the market capitalisation of the NASD OTC exchange from N997.02 billion to N987.55 billion and depleted the NASD Unlisted Securities Index (NSI) by 7.2 points to end the day at 750.18 points as against the 757.38 points it recorded in the previous session.
FrieslandCampina WAMCO Plc led the group of depreciating securities yesterday after its price went down by N4.62 to end the day at N85.00 per share compared to N89.62 per share. NDEP Plc depreciated by N1.67 to close at N190.33 per unit against N192.00 per unit, while CitiTrust Holdings Plc declined by 15 Kobo to sell at N12.35 per unit versus Tuesday’s N12.50 per unit.
Amid the loss, the level of transactions improved at the midweek session, with the volume of securities increasing by 17.7 per cent to 126,000 units from the previous day’s 107,530 units. The value of transactions went up by 100.2 per cent to N13.3 million from N6.7 million, while the number of trades went down by 33.3 per cent to eight deals from the preceding session’s 12 deals.
The most traded stock by volume on a year-to-date basis was AG Mortgage Plc with the sale of 2.3 billion units valued at N1.2 billion. Central Securities Clearing System (CSCS) Plc stood in second place with 686.6 million units worth N14.2 billion, while Food Concepts Plc was in third place with 147.8 million units valued at N128.4 million.
The most active stock by value on a year-to-date basis was CSCS Plc with a turnover of 686.6 million units valued at N14.2 billion, VFD Group Plc was in second place with 24.5 million units worth N6.6 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 14.0 million units valued at N1.7 billion.
