By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed mixed last week, as the benchmark index depreciated by 0.12 per cent, and the market capitalisation grew by 1.18 per cent.
The expansion in the value of the unlisted securities market in Week 33 was supported by the admission of a paint manufacturing firm, IPWA Plc, to the trading platform in the week, increasing the market capitalisation by N257.1 million, and leaving it at N1.110 trillion versus N1.090 trillion in Week 32.
However, the NASD Unlisted Securities Index (NSI) dropped 0.94 points to finish at 787.13 points, in contrast to the previous week’s 788.07 points.
Mixta Real Estate Plc dipped by 9.1 per cent to N1.50 per unit versus N1.65 per unit, 11 Plc plunged by 8.9 per cent to N186.34 per unit from N204.00 per unit, FrieslandCampina Wamco Nigeria Plc lost 0.7 per cent to close at N73.51 per share versus N74.00 per share, and Central Securities Clearing System (CSCS) Plc declined by 5.6 per cent to settle at N17.00 per share, in contrast to the previous week’s N18.00 per share.
Conversely, Niger Delta Exploration and Production (NDEP) Plc gained 11.1 per cent in the week to finish at N432.88 per unit compared with N389.57 per unit, Nipco Plc grew by 10 per cent to N78.65 per share from N71.50 per share, Industrial and General Insurance (IGI) Plc also increased by 10 per cent to 11 Kobo per unit versus the previous week’s 10 Kobo per unit, and Food Concepts Plc improved by 6.7 per cent to 96 Kobo per share from 90 Kobo per share.
Last week, the total volume of trades moved up by 3,836.7 per cent to 39.8 million units from 1.0 million units, the value of trades soared by 318.4 per cent to N642.2 million from N153.5 million, and the number of deals rose by 17.72 per cent to 93 deals from 79 deals.
NDEP Plc was the most active stock by value with N404.31 million units, CSCS Plc traded N178.46 million, FrieslandCampina Wamco Nigeria Plc exchanged N39.08 million, VFD Group Plc transacted N9.09 million, and 11 Plc traded N3.87 million.
However, IGI Plc was the most active by volume in the week with 24.15 million units, CSCS Plc followed with 10.2 million units, Food Concepts Plc posted 2.42 million units, UBN Property Plc recorded 1.39 million units, and NDEP Plc traded 94,000 units.
