The NASD Over-the-Counter (OTC) Securities Exchange recorded a loss of 0.21 per cent on Monday, June 1, with the market capitalisation down by N5.44 billion to N2.587 trillion from N2.592 trillion, and the Unlisted Security Index (NSI) falling by 9.10 points to close at 4,324.68 points compared with last Friday’s 4,333.78 points.
The unlisted securities exchange came under selling pressure yesterday, as investors trimmed their exposure to the landscape, with the volume of securities rising by 438.3 per cent to 3.6 million units from 666,853 units. Also, the value of securities increased by 465.9 per cent to N177.4 million from N31.4 million, and the number of deals surged by 37.0 per cent to 37 deals from 27 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, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units sold for N6.5 billion, and Central Securities Clearing System (CSCS) Plc with 61.2 million units exchanged for N4.4 billion.
GNI Plc also closed the day as the most traded stock by volume on a year-to-date basis with 3.4 billion units valued at N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units traded at N415.7 million.
There were three price gainers and four losers on the first trading day of the new month yesterday, with FrieslandCampina Wamco Nigeria Plc up by N10.60 to N186.68 per share from N176.08 per share. MRS Oil Plc added N1.90 to close at N180.00 per unit versus N178.10 per unit, and Afriland Properties Plc grew by 5 Kobo to sell at N16.0o per share versus N15.90 per share.
On the flip side, CSCS Plc dropped N4.83 to trade at N72.97 per unit compared with the previous session’s N77.80 per unit, IPWA Plc lost 21 Kobo to sell at N2.03 per share versus N2.24 per share, Industrial and General Insurance (IGI) Plc fell by 6 Kobo to 54 Kobo per unit from 60 Kobo per unit, and Food Concepts Plc declined by 2 Kobo to N2.68 per share from N2.70 per share.
The market has commenced the T+1 settlement cycle, meaning securities transactions will be executed within one business day as part of efforts to enhance efficiency and speed in the Nigerian capital market.
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