Unlisted Securities Market Falls 1.26% in Week 32

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.26 per cent depreciation in Week 32, with the market capitalisation shedding N27.27 billion to settle at N2.140 trillion compared with the N2.167 trillion it ended in Week 31, and the NASD Unlisted Securities Index (NSI) declining by 46.59 points to 3,655.10 points from the 3,701.69 points it recorded in the previous week.

In the week, Okitipupa Plc topped the losers’ table after it lost 7.4 per cent to sell at N237.24 per share versus the preceding week’s N244.59 per share, Central Securities Clearing System (CSCS) Plc dropped 4.5 per cent to close at N53.5 per unit versus N58.00 per unit, Afriland Properties Plc slid by 1.5 per cent to N19.60 per share from N21.10 per share, 11 Plc fell by 1.3 per cent to N229.10 per unit from N230.42 per unit, and First Trust Mortgage Bank Plc slumped by 0.1 per cent to 62 Kobo per share from 63 Kobo per share.

On the other hand, Nipco Plc led the gainers’ log after it grew by 23.0 per cent to N264.00 per unit from N241.00 per unit, Geo-Fluids Plc gained 0.3 per cent to quote at N5.00 per share compared with the preceding week’s N4.71 per share, NASD Plc rose by 0.2 per cent to N30.20 per unit from N29.98 per unit, Lagos Building Investment Company (LBIC) Plc expanded by 0.2 per cent to N3.08 per share from N2.90 per share, Food Concepts Plc appreciated by 0.1 per cent to N3.22 per unit from N3.14 per unit, Industrial and General Insurance (IGI) Plc soared by 0.1 per cent to 43 Kobo per share from 35 Kobo per share, and UBN Property Plc increased by 0.1 per cent to N2.00 per unit from N1.90 per unit.

Last week, the value of transactions went up by 23.6 per cent to N161.9 million from N131.0 million, the total volume of transactions surged by 351.2 per cent to 27.2 million units from 6.03 million units, and the number of deals by went down by 0.55 per cent to 182 deals from 183 deals.

The most traded stock by value for the week was Okitipupa Plc with N62.9 million, Friesland Campina Wamco Nigeria Plc traded N42.5 million, CSCS Plc recorded N19.5 million, Food Concepts Plc transacted N11.0 million, and IGI Plc recorded N7.7 million.

Also, the most traded stock by volume was IGI Plc with 21.8 million units, Food Concepts Plc traded 3.4 million units, FrieslandCampina Wamco Nigeria Plc sold 0.6 million units, CSCS Plc quoted 0.4 million units, and Okitipupa Plc posted 0.3 million units.