Economy
Unlisted Securities Exchange Extends Loss by 1.27%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange extended its stay in negative territory with a further 1.27 per cent loss on Wednesday, February 18.
The Unlisted Security Index (NSI) dropped 50.18 points to close at 3,194.37 points compared with the previous session’s 3,964.55 points, and the market capitalisation lost N30.02 billion to end N2.342 trillion, in contrast to the preceding day’s N2.372 trillion.
Yesterday, the volume of securities went down by 61.8 per cent to 1.6 million units from 4.2 million units, the value of securities depreciated by 18.9 per cent to N50.1 million from Tuesday’s closing value of N61.9 million, and the number of deals declined by 23.3 per cent to 33 deals from 43 deals.
The most traded stock by value (year-to-date) was Central Securities Clearing System (CSCS) Plc with 32.4 million units valued at N1.9 billion, followed by Resourcery Plc with 1.05 billion units worth N408.6 million, and Geo-Fluids Plc with 72.4 million units sold for N301.1 million.
Resourcery Plc ended the trading day as the most traded stock by volume (year-to-date) with 1.05 billion units transacted for N408.6 million, trailed by Geo-Fluids Plc with 72.4 million units sold for N301.1 million, and CSCS Plc with 31.9 million units worth N1.9 billion.
Data indicated that there were four price losers and three price gainers at midweek.
In red was Nipco Plc, which fell by N20.00 to N230.00 per share from N250.00 per share, CSCS Plc weakened by N5.35 to N69.90 per unit from N75.25 per unit, Geo-Fluids Plc depreciated by 28 Kobo to N3.30 per share from N3.58 per share, and UBN Property Plc dropped 9 Kobo to sell at N2.11 per unit versus N2.20 per unit.
In green, FrieslandCampina Wamco Nigeria Plc led after it gained 81 Kobo to quote at N78.05 per share versus the preceding day’s N77.24 per share, IPWA Plc appreciated by 34 Kobo to N3.78 per unit from N3.44 per unit, and First Trust Mortgage Bank Plc improved by 9 Kobo to 99 Kobo per share from 90 Kobo per share.
