NDEP, Two Others Weaken Unlisted Securities Index by 0.45%

By Adedapo Adesanya

Depreciation within the inventory costs of Niger Delta Exploration and Manufacturing (NDEP) Plc, Central Securities Clearing System (CSCS) Plc, and FrieslandCampina Wamco Nigeria Plc weakened the NASD Over-the-Counter (OTC) Securities Alternate by 0.45 per cent on Friday, August 4.

NDEP Plc recorded a N16.21 decline in the course of the buying and selling day to promote at N350.00 per share in comparison with N366.21 per share of the earlier session, CSCS Plc went down by 40 Kobo to N18.00 per share from N18.40 per share, and FrieslandCampina Plc shrank by 12 Kobo to shut the day at N76.50 per unit versus Thursday’s closing value of N76.62 per unit.

The trio pushed the 1 Kobo chalked up by Industrial and Normal Insurance coverage (IGI) Plc, closing at 10 Kobo per unit, in distinction to the previous day’s 9 Kobo per unit.

Consequently, the market capitalisation of the bourse depreciated by N5.03 billion to N1.120 trillion from the N1.125 trillion of the earlier session, whereas the NASD Unlisted Securities Index (NSI) shed 3.64 factors to finish the day at 809.84 factors as in opposition to the 813.48 factors it recorded on the earlier session.

On the market yesterday, buyers transacted 9.8 million items of securities, 712.8 per cent increased than the 1.2 million items of securities transacted on the final buying and selling session.

Equally, the worth of shares traded in the course of the buying and selling day elevated by 10,964.1 per cent to N1.7 billion from N15.6 million, and the variety of offers rose by 57.1 per cent to 22 offers from 14 offers.

CSCS Plc completed the session as essentially the most traded inventory by quantity (year-to-date) with 1.1 billion items valued at N21.2 billion, trailed by Geo-Fluids with 631.0 items offered for N1.1 billion, and Industrial and Normal Insurance coverage (IGI) Plc with 610.7 million items valued at N48.4 million.

Additionally, CSCS Plc closed the day as essentially the most traded inventory by worth (year-to-date) with 1.1 billion items price N21.2 billion, trailed by VFD Group with 26.4 million items valued at N5.9 billion, and FrieslandCampina Wamco Nigeria Plc with 18.6 million items price N1.3 billion.