By Adedapo Adesanya
The NASD Over-the-Counter OTC Securities Exchange ended the first trading session of the month of November on a bearish note.
The NASD Security Index declined by 1.6 per cent or 11.65 points yesterday to settle at 718.57 points compared with 730.22 points it stood at the last session.
As a result of the presence of the bears at the unlisted securities market on Monday, investors lost N8.55 billion as market capitalisation dropped to N527.84 billion from the previous day’s value of N536.39 billion.
The fall at the bourse was caused by the negative price movement of FrieslandCampina WAMCO Nigeria Plc securities as the milk maker lost N8.97 or 6.4 per cent to close at N131 per unit in contrast to N139.97 per unit it closed last Friday.
A look at the transactions recorded yesterday showed that there was a rise in the number of securities exchanged by investors and this was by a significant value, 1,121.7 per cent. A total of 172,503 units of stocks were traded in the session higher than the 14,120 units traded at the previous trading day.
The value of these securities amounted to N18.6 million, 999.4 per cent higher than the N1.7 million traded at the previous session.
It was observed that these shares were traded in four deals, same as what was recorded at the previous session.
Business Post reports that the four deals of Monday were carried out on two companies; FrieslandCampina WAMCO Nigeria Plc with three deals, and Central Securities Clearing Systems (CSCS) Plc with one deal and the company was the lone price gainer, as its shares rose by 4 kobo to close at N14.05 per unit compared to N14.01 per unit last Friday.
ARM Life Plc closed the session as the company with the highest number of traded stocks (year-to-date). The firm has traded 7.4 billion units of its shares this year worth N4.6 billion.
It was followed by CSCS Plc, which has transacted 203.5 million units worth N2.7 billion, and Food Concept Plc, which has exchanged 125.1 million units valued at N88.1 million.
In terms of the most traded stock by value (year-to-date), ARM Life Plc also remained the number one for transacting 7.4 billion units for N4.6 billion.
Niger Delta Exploration and Production (NDEP) Plc trailed for selling 10.4 million units valued at N2.7 billion, while CSCS Plc, which occupied the third spot, has traded 203.5 million units valued at N2.7 billion.
