Adedapo Adesanya
By Adedapo Adesanya
Unlisted equities on the NASD Over-the-Counter (OTC) Securities Exchange returned to the bearish territory at the final session of the week with a 0.07 per cent loss.
The contraction was caused by the negative price movement in the shares of Nigerian Exchange (NGX) Group Plc on Friday, August 13.
NGX Plc saw its share price down by 23 kobo per or 1.4 per cent to settle at N17.01 per unit compared to N17.24 per unit of the previous session.
This weakened the market capitalisation of the bourse by N450 million to N647.85 billion from N648.30 billion and reduced the NASD Unlisted Security Index (NSI) by 0.52 points to 745.36 points 745.88 points it closed at the previous session.
During the session, the volume of stocks transacted by market participants went down to 251,074 from 361,990 units, indicating a decline of 30.6 per cent.
Likewise, there the value of shares traded at the session dropped to N4.3 million from N8.9 million, signifying a depreciation of 52.0 per cent.
In the same vein, the number of deals depreciated by 7.7 per cent as 12 deals were carried out in contrast to the 13 deals executed at the preceding session.
At the close of transactions, Geo Fluids Plc remained as the most active stock by volume (year-to-date) with the sale of 1.0 billion units valued at N700.1 million. It was trailed by NGX Group Plc with the sale of 387.5 million units worth N8.1 billion, while Food Concepts Plc occupied third place with the sale of 294.5 million units valued at N385.5 million.
In terms of value, NGX Group Plc ended the session as the most traded stock (year-to-date) with the sale of 387.5 million units of its securities worth N8.1 billion. It was closely followed by VFD Group Plc, which has transacted 6.3 million units of its securities worth N2.0 billion, and Niger Delta Exploration and Production (NDEP) Plc, which has exchanged 3.2 million units of its securities valued at N1.0 billion.
