NASD OTC stock market depreciates by 0.64%

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

The NASD Over-the-Counter Securities Exchange fell 0.64 percent on Tuesday, August 15, as the health of three admitted equities on the trading platform deteriorated.

Following a loss of N1.91 to sell for N74.03 per unit as opposed to Monday’s closing price of N75.94 per unit, FrieslandCampina Wamco Nigeria Plc was the biggest loser in terms of price.

In contrast to Monday’s closing price of N17.50 per share, Central Securities Clearing System Plc depreciated by 50 Kobo to sell at N17.00 per share, and Food Concepts Plc suffered a 3 Kobo loss to conclude at 96 Kobo per share.

As a result, the market capitalization of the secondary market decreased by N7.06 billion to N1.087 trillion from N1.094 trillion, and the NASD Unlisted Securities Index decreased by 5.10 points to close the session at 785.95 points as opposed to the 791.05 points registered in the previous session.

The volume, value, and number of transactions declined at the close of business on Tuesday, according to an analysis of activity at the NASD OTC stock market.

The value of shares traded fell 92.9% to N13.7 million from N195.1 million, the volume of traded stocks plummeted by 88.6% to 2.7 million units from 23.7 million units, and the number of deals reduced by 29% to 22 deals from 31 deals published on Monday.

The Industrial and General Insurance Plc came in third with 628.3 million units valued at N49.7 million, while Geo-Fluids was in second with 631.0 units worth N1.1 billion. CSCS Plc continued to be the most actively traded stock by volume on a year-to-date basis.

Similar to this, CSCS Plc held the second-most traded stock position by value on a year-to-date basis with 1.1 billion units valued at N21.4 billion, followed by VFD Group with 26.4 million units valued at N5.9 billion and FrieslandCampino Wamco Nigeria Plc with 18.8 million units valued at N1.4 billion.

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