Economy
Unlisted Securities Market Weakens 0.06% in Week 49
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange slid into negative territory after it closed lower on a week-on-week basis by 0.06 per cent in the 49th trading week of 2024.
As a result, the market capitalisation closed at N1.056 trillion after about N1 billion evaporated from the preceding week’s N1.057 trillion as the NASD Unlisted Security Index (NSI) went down by 1.75 points to 3,014.91 basis points from the preceding week’s 3,016.66 basis points.
The market breadth index was flat as there were three price losers and three price gainers over the five trading days.
The losers were led by Impresit Bakolori Plc, which lost 10 per cent of its value to end at 45 Kobo per unit against the former value of 50 Kobo per unit, 11 Plc depreciated by 6.5 per cent to close at N215.00 per share versus N230.00 per share, and Afriland Properties Plc recorded a 4.5 per cent slide to end at N16.60 per unit, in contrast to the N17.39 per unit it closed in Week 48.
On the flip side, Okitipupa Plc appreciated by 10 per cent to close at N27.04 per share versus N24.58 per share, FrieslandCampina Wamco Nigeria Plc improved by 2.2 per cent to end at N40.36 per unit compared with the previous week’s N39.51 per unit, and Central Securities Clearing System (CSCS) Plc declined by 2.1 per cent to finish at N23.49 per share versus the earlier week’s N23.00 per share.
In the week, there was a 2,845.3 per cent surge in the total value of trades to N187.7 million from N32.9 million, the volume of equities transacted increased by 14 per cent to 143.9 million units from 6.4 million units, and the number od deals went up by 5.1 per cent to 63 deals from 59 deals.
The most active stock by value last week was Purple Real Estate Plc with N118.4 million, followed by Impresit Bakolori Plc with N57.4 million, 11 Plc raked in N4.1 million, FrieslandCampina Wamco Nigeria Plc posted N3.3 million, and Air Liquide Plc recorded N1.8 million.
By volume, Impresit Bakolori Plc topped with 127.5 million units, followed by Purple Real Estate Plc with 15.9 million units, Air Liquide Plc exchanged 0.234 million units, Acorn Petroleum Plc transacted 0.205 million units, and Afriland Plc traded 0.099 million units.
