NASD OTC Securities Exchange Slides 0.5%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Trade closed the ultimate buying and selling day of the week within the destructive territory because it fell 0.5 per cent drop on Friday, August 11.

The NASD market capitalisation, consequently, dropped N5.52 billion to shut at N1.090 trillion, in distinction to the N1.095 trillion it quoted on the earlier session.

Equally, the NASD Unlisted Securities Index (NSI) depreciated by 3.99 factors to finish the day at 788.07 factors as in opposition to 792.06 factors it recorded on the earlier session.

The autumn witnessed by the NASD OTC Securities Trade was instigated by a droop within the share value of Niger Delta Exploration and Manufacturing (NDEP) Plc.

The corporate misplaced N30.43 in the course of the session to finish the day at N389.57 per unit in contrast with the previous session’s N420.00 per unit.

Yesterday, the bourse posted a decline within the quantity of securities by 67.2 per cent as buyers exchanged 79,287 items, in distinction to the 241,597 items traded a day earlier.

Nevertheless, there was a leap within the worth of shares traded on the bourse by 168.5 per cent to N30.6 million from the N11.4 million achieved on Thursday, because the variety of offers remained unchanged at 12 offers.

Probably the most traded inventory by quantity on a year-to-date foundation was Central Securities Clearing System (CSCS) Plc with a turnover of 1.1 billion items valued at N21.2 billion, adopted by Geo-Fluids with the sale of 631.0 items price N1.1 billion, and Industrial and Common Insurance coverage (IGI) Plc with the sale of 610.7 million items valued at N48.4 million.

CSCS Plc additionally closed the buying and selling session as essentially the most traded inventory by worth on a year-to-date foundation with a turnover of 1.1 billion items valued at N21.2 billion, VFD Group retained the second spot with 26.4 million items price N5.9 billion, whereas FrieslandCampina Wamco Plc was in third place with 18.6 million items price N1.3 billion.