The NASD Over-the-Counter (OTC) Securities Exchange depreciated by 1.63 per cent on Monday, July 6, after the share price of Central Securities Clearing System (CSCS) Plc depleted by N9.04 to N81.70 per unit from last Friday’s N90.74 per unit.
This shrank the NASD Security Index (NSI) during the session by 70.29 points to 4,236.97 points from 4,307.26 points, and contracted the market capitalisation by N42.19 billion to N2.543 trillion from N2.585 trillion.
The unlisted securities exchange lost yesterday despite having more price gainers than losers. Afriland Properties Plc gained N1.48 to end at N16.65 per share versus the previous N15.17 per share, Industrial General Insurance (IGI) Plc appreciated by 5 Kobo to close at 55 Kobo per unit compared with the preceding session’s 50 Kobo per unit, and Food Concepts Plc improved by 1 Kobo to trade at N2.51 per share, in contrast to last Friday’s N2.50 per share.
During the session, the value of trades by investors fell by 98.3 per cent to N2.8 million from N160.1 million, the volume of transactions dipped by 93.6 per cent to 114,175 units from 1.8 million units, and the number of deals decreased by 14.3 per cent to 18 deals from 21 deals.
Great Nigeria Insurance (GNI) Plc ended the day as the most traded stock by value on a year-to-date basis, with 3.4 billion units worth N8.4 billion, trailed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units valued at N6.5 billion, and CSCS Plc with 70.7 million units exchanged for N4.9 billion.
GNI Plc also closed the session as the most traded stock by volume on a year-to-date basis, 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 with 1.1 billion units transacted for N415.7 million.