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NASD OTC Market Cap Slides Below N1trn

The NASD Over-the-Counter Securities Exchange fell to 0.39% leading to market capitalisation closing below N1 trillion on Tuesday.

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NASD OTC Market Cap Slides Below N1trn

The value of at the OTC market depreciated by N3.9 billion yesterday to N996.35 billion from N1.000 trillion, while the NASD Index (NSI) went down by 2.97 points to end the day at 756.86 points as against the 759.83 points it recorded in the previous session.

The unfavourable outcome was triggered by the trio of NASD Plc, Central Securities Clearing Systems (CSCS) Plc, and and Production (NDEP) Plc.

NDEP Plc lost N19.50 to end the day at N190.50 per share versus N210.00 per share, CSCS Plc decreased by 58 Kobo to trade at N14.33 per unit versus Monday’s N14.91 per unit. while NASD Plc declined by 16 Kobo to close at N14.33 per unit as against N14.91 per unit of the previous day.

However, the share price of FrieslandCampina Wamco Plc improved during the session by N1.34 to N90.09 per unit from N88.75 per unit.

On the activity chart, the volume of securities increased by 378.1 per cent to 571,592 units from the previous day’s 119,564 units, the value of trades went down by 55.3 per cent to N10.4 million from N23.2 million, while the number of deals grew by 157.1 per cent to 18 deals from the seven deals reported on Monday.

AG Mortgage Plc remained the most traded stock by volume on a year-to-date basis with 2.3 billion units valued at N1.2 billion, CSCS Plc stood in second place with 686.5 million units worth N14.2 billion, while Food Concepts Plc was in third place with 147.8 million units valued at N128.4 million.

CSCS Plc also remained the most traded stock by value on a year-to-date basis with 686.5 million units worth N14.2 billion, VFD Group Plc was in second place with 11.1 million units exchanged for N3.3 billion, while FrieslandCampina WAMCO Plc was in third place with 14.0 million units valued at N1.7 billion.

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