The NASD Over-the-Counter (OTC) Securities Exchange opened the week weaker by 0.47 per cent on Monday, June 15, biting N12.38 billion out of the market capitalisation to N2.605 trillion from N2.617 trillion.
This also brought down the NASD Unlisted Security Index (NSI) by 20.68 points to 4,354.33 points from last Friday’s 4,375.01 points.
The loss was witnessed despite the unlisted securities exchange closing the session with two price gainers and two price losers.
Central Securities Clearing System (CSCS) Plc crashed by N3.31 to trade at N80.62 per share compared with the preceding trading day’s N83.93 per share, and Geo-Fluids Plc declined by 7 Kobo to close at N2.80 per unit versus N2.87 per unit.
On the flip side, Food Concepts Plc gained 20 Kobo to sell at N2.78 per share compared with the preceding session’s N2.58 per share, and UBN Property Plc improved by 12 Kobo to N2.10 per unit from N1.98 per unit.
During the session, the volume of securities traded by investors depreciated by 68.2 per cent to 992,164 units from the 3.1 million units achieved last Friday, the value of securities moderated by 42.8 per cent to N39.2 million from the preceding session’s N68.5 million, and the number of deals decreased by 14.8 per cent to 23 deals from the 27 deals reported in the previous trading day.
At the close of trades, Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units transacted for N6.5 billion, and CSCS Plc with 66.8 million units exchanged for N4.6 billion.
The most traded stock by volume on a year-to-date basis remained GNI Plc with 3.4 billion units sold for N8.4 billion, followed by Infracredit Plc with 2.3 billion units traded for N6.5 billion, and Resourcery Plc followed with 1.1 billion units valued at N415.7 million.