The NASD Over-the-Counter (OTC) Securities Exchange further lost 0.28 per cent on Wednesday, March 11, cutting down the market capitalisation by N7.21 billion to N2.533 trillion from the preceding session’s N2.540 trillion.
In the same vein, the NASD Unlisted Security Index (NSI) was down during the session by 12.06 points to finish at 4,233.91 points compared with the 4,245.97 points it ended on Tuesday.
The midweek session experienced a decline in the volume of securities by 91.3 per cent to 1.3 million units from 14.9 million units, as the value of securities decreased by 75.9 per cent to N31.9 million from the N132.7 million recorded on Tuesday, and the number of deals fell 37.9 per cent to 36 deals from the preceding session’s 58 deals.
The session ended with Central Securities Clearing System (CSCS) Plc as the most traded stock by value on a year-to-date basis with 38.1 million units valued at N2.4 billion. Okitipupa Plc followed with 6.3 million units traded at N1.1 billion, and FrieslandCampina Wamco Nigeria Plc recorded the sale of 5.8 million units worth N529.9 million.
Resourcery Plc remained as the most traded stock by volume on a year-to-date basis with 1.05 billion units sold for N408.7 million, trailed by Geo-Fluids Plc with 130.6 million units exchanged for N503.8 million, and CSCS Plc with 38.1 million units worth N2.4 billion.
The alternative stock market closed the day with three price decliners and three price gainers led by IPWA Plc, which added 41 Kobo to sell at N4.56 per unit versus the previous day’s N4.15 per unit, MRS Oil Plc appreciated by 10 Kobo to N210.10 per share from N210.00 per share, and Lighthouse Financial Services Plc increased its value by 5 Kobo to 55 Kobo per unit from 50 Kobo per unit.
Conversely, FrieslandCampina Wamco Nigeria Plc lost N3.92 to quote at N132.78 per share versus N136.70 per share, UBN Property Plc dropped 20 Kobo to settle at N2.38 per unit from N2.18 per unit, and First Trust Mortgage Bank Plc declined by 1 Kobo to N1.90 per share from N1.91 per share.