By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange saw its recent bullish streaks end in Week 37 with a 0.88 per cent loss.
The loss was triggered by the decline in the share prices of three securities, overturning the gains posted by three securities at the unlisted securities market.
Data showed that the market capitalisation went down by N27 billion to close at N2.940 trillion, in contrast to the preceding day’s N2.967 trillion, and the NASD Unlisted Security Index (NSI) recorded a 19.03 points decline to end the week at 2,146.56 points versus 2,165.59 points in Week 36.
The losers were led by Central Securities Clearing System (CSCS) Plc which recorded a 4.8 per cent loss to end at N20.00 per share compared with the preceding week’s N21.00 per share, Nipco Plc lost 3.4 per cent to settle at N76.51 per unit versus the former value of N79.20 per unit, FrieslandCampina Wamco Nigeria Plc dropped 1.6 per cent to finish the week at N47.24 per share versus N48.00 per share, UBN Property Plc slid by 1.2 per cent to N1.65 per unit against the former value of N1.67 per unit, and Aradel Holdings Plc dropped 1.1 per cent to close at N8,901.00 per share compared with the preceding week’s N9,000.00 per share.
However, Acorn Petroleum Plc appreciated by 21.1 per cent to N1.09 per unit from 90 Kobo per unit, Afriland Properties Plc rose by 10 per cent to end at N16.06 per share against the former value of N14.60 per share and Nipco Plc recorded a 5.3 per cent rise to end at 20 Kobo per unit, in contrast to the previous week’s 19 Kobo per unit.
The volume of equities traded during Week 37 dropped by 56.1 per cent to 5.4 million units from 12.3 million units, the value shares transacted slumped by 58 per cent to N1.3 billion from N3.1 billion, and the number of deals went down by 34.02 per cent to 256 deals from 388 deals.
The most traded stock by value in the week was Aradel Holdings Plc with N1.3 billion, followed by FrieslandCampina Wamco Plc with N100 million, CSCS Plc transacted N9 million, Nipco Plc posted N3 million, and Mixta Real Estate Plc recorded N1 million.
The most traded stock by volume during the week was Industrial and General Insurance (IGI) Plc with 3.0 million units, trailed by Mixta Real Estate Plc with 0.575 million units, UBN Property Plc exchanged 0.512 million units, CSCS Plc transacted 0.391 million units, and Acorn Petroleum Plc traded 0.311 million units.