Four stocks weakened the NASD Over-the-Counter (OTC) Securities Exchange by 0.22 per cent on Tuesday, March 24, with Friesland Campina Wamco Nigeria Plc leading the pack after shedding N7.83 to trade at N108.73 per share compared with the previous day’s N116.00 per share.
Further, Food Concepts Plc lost 37 Kobo to close at N3.00 per unit versus Monday’s closing price of N3.37 per unit, Riggs Ventures Plc depreciated by 10 Kobo to 90 Kobo per share from N1.00 per share, and Industrial and General Insurance (IGI) Plc dipped by 4 Kobo to 53 Kobo per unit from 57 Kobo per unit.
Consequently, the market capitalisation of the NASD bourse went down by N5.40 billion to N2.477 trillion from the previous session’s N2.482 trillion, and the NASD Unlisted Security Index (NSI) fell by 9.08 points to 4,140.30 points from 4,149.38 points.
Business Post reports that despite the loss, the trading platform witnessed the rise in the share prices of four securities, led by Okitipupa Plc, which gained N13.50 to sell at N250.00 per share compared with the previous day’s N236.50 per share. Central Securities Clearing System (CSCS) Plc added N2.61 to close at N78.94 per unit versus N76.33 per unit, First Trust Mortgage Bank Plc appreciated by 19 Kobo to N2.08 per share from N1.89 per share, and Impresit Bakalori Plc improved by 18 Kobo to N2.01 per unit from N1.83 per unit.
Tuesday’s trading data showed that the value of transactions increased by 518.9 per cent to N45.6 million from N7.37 million, and the volume of trades increased by securities rose by 126.34 per cent to 933,125 units from 412,260 units, while the number of deals went down by 9.4 per cent to 29 deals from 32 deals.
CSCS Plc remained the most traded stock by value (year-to-date) with 39.1 million units worth N2.4 billion, trailed by Infrastructure Guarantee Credit Plc with 400 million units valued at N1.2 billion, and Okitipupa Plc with 6.4 million units traded for N1.2 billion.
Resourcery Plc maintained its position as the most traded stock by volume (year-to-date) with 1.1 billion units exchanged for N415.7 million, followed by Infrastructure Credit Plc with 400 million units sold for N1.2 billion, and Geo-Fluids Plc with 131.2 million units transacted for N505.8 million.