Adedapo Adesanya
By Adedapo Adesanya
There was a 0.01 per cent fall at the NASD Over-the-Counter (OTC) Securities Exchange at the final trading session of the week.
The unlisted securities market moved down as a result of the 14 kobo or 1.1 per cent loss made by the Nigerian Exchange (NGX) Group as its share price ended at N12.84 per unit compared to the previous session’s closing price of N12.98 per unit.
The loss pulled down the bourse’s market capitalisation by N80 million as it ended the week at N639.47 billion compared to N639.55 billion it closed on Thursday.
Equally, the NASD Unlisted Security Index (NSI) lost 0.1 points to wrap the session at 735.72 points in contrast to 735.82 points recorded at the preceding trading day.
Business Post reports that there was a price gainer at the market on Friday and it was NASD Plc, which sustained its recent upward trajectory with a 43 kobo gain or 6.0 per cent appreciation to sell at N7.14 per share versus N6.71 per share of the earlier day.
At the close of business, the exchange saw an increase in the volume of transactions by 21.5 per cent to 3.6 million units from 2.9 million units, while the value of transactions rose by 33.7 per cent to N46.2 million from N34.6 million, with the number of deals increasing by 2.9 per cent to 35 deals from 34 deals.
Geo Fluids Plc remained as the most active stock by volume (year-to-date) for transacting 1.0 billion units of its shares for N700.1 million, followed by NGX Group Plc with the sale of 439.7 million units of its securities valued at N8.9 billion, and Food Concepts Plc with the sale of 297.5 million units of its stocks worth N387.8 million.
However, NGX Group Plc was the most traded stock by value on a year-to-date basis for trading 439.7 units of its shares valued at N8.9 billion. VFD Group Plc remained in the second spot with 9.4 million units of its securities worth N3.1 billion, while FrieslandCampina WAMCO Nigeria Plc retained third place with the sale of 8.3 million units of its stocks for N1.0 billion.
