NASD OTC securities exchanges drops 0.5%

Bisola David
Bisola David
Aradel Holdings, two others increase NASD OTC bourse by 1.13%

The NASD Over-the-Counter Securities Exchange finished the week’s final trading day in the red after declining 0.5% on Friday, August 11.

According to The Times, in contrast to the N1.095 trillion it quoted at the previous session, the NASD market capitalization decreased by N5.52 billion to conclude at N1.090 trillion.

The NASD Unlisted Securities Index, which had been trading at 792.06 points the previous session, dropped by 3.99 points to close the day at 788.07.

The decline in the share price of Niger Delta Exploration and Production Plc was the cause of the NASD OTC Securities Exchange’s decline.

In comparison to the previous session’s closing price of N420.00 per unit, the company lost N30.43 throughout the session, ending the day at N389.57 per unit.

In contrast to the 241,597 units moved on Thursday, investors exchanged 79,287 units on Friday, a 67.2 percent decrease in the number of assets.

However, even though the number of deals remained unchanged at 12, the value of shares traded at the exchange increased by 168.5% to N30.6 million from the N11.4 million realized on on Friday.

Central Securities Clearing System Plc was the most actively traded stock on a year-to-date basis based on volume, with a turnover of 1.1 billion units valued at N21.2 billion. Geo-Fluids came in second place with the sale of 631.0 units worth N1.1 billion, and Industrial and General Insurance Plc came in third with the sale of 610.7 million units valued at N48.4 million.

With a turnover of 1.1 billion units worth N21.2 billion, CSCS Plc ended the trading day in first place for the most traded stock by value year to date, followed by VFD Group with 26.4 million units worth N5.9 billion and FrieslandCampina Wamco Plc in third with 18.6 million units.

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