The NASD Over-the-Counter (OTC) Securities Exchange succumbed to selling pressure on Tuesday, May 12, sinking by 1.1 per cent.
This brought down the NASD Unlisted Security Index (NSI) by 46.05 points to 4,156.52 points from 4,202.57 points, and battered the market capitalisation by N27.55 billion to N2.486 trillion from N2.514 trillion.
The loss suffered by the NASD OTC exchange was influenced by three securities, led by FrieslandCampina Wamco Plc, which lost N12.40 to sell for N133.60 per share compared with Monday’s N146.00 per share. Food Concepts Plc depreciated by 9 Kobo to N2.50 per unit from N2.59 per unit, and Industrial and General Insurance (IGI) Plc declined by 6 Kobo to 60 Kobo per share from 66 Kobo per share.
Yesterday, the volume of transactions surged by 1,041.6 per cent to 2.7 million units from 236,921 units, the value of trades jumped by 294.6 per cent to N65.2 million from N16.5 million, and the number of deals climbed 55 per cent to 31 deals from 20 deals.
Great Nigeria Insurance (GNI) Plc closed the session as the most traded stock by value on a year-to-date basis, with 3.4 billion units worth N8.4 billion. The second position was occupied by Central Securities and Clearing System (CSCS) Plc with 60.5 million units exchanged for N4.1 billion, and Okitipupa Plc transacted 27.8 million units for N1.9 billion to claim the third spot.
The most active stock by volume on a year-to-date basis was GNI Plc with 3.4 billion units sold for N8.4 billion, followed by Resourcery Plc with 1.1 billion units traded for N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units valued at N1.2 billion.