NASD OTC Market Cap Dips By N1.17bn

The NASD Over-the-Counter Securities Exchange dipped by N1.17bn on the back of losses recorded by Niger Delta Exploration and Production (NDEP).

The share price of the oil and gas investment company declined by N12 to sell at N186.00 per unit in contrast to the previous session’s value of N198.00 per unit.

The loss recorded by the company suppressed the 20 Kobo growth posted by Central Securities Clearing System (CSCS) Plc. CSCS closed at N13.10 per share yesterday compared with Wednesday’s N12.90 per share.

At the close of business, the NASD unlisted securities index (NSI) depleted by 0.9 points to 731.35 points from 732.25 points, and the market capitalisation dwindled by N1.17 billion to wrap the day at N962.77 billion in contrast to the preceding day’s N963.94 billion.

Yesterday, the trading volume rose by 5,285.5 per cent as a total of 234,862 units of shares exchanged hands compared with the 4,361 units transacted on Wednesday.

At the close of business, the trading value jumped by 5,336.5 per cent to N41.5 million from N763,435.40 million, while the number of deals remained unchanged at 4 deals.

AG Mortgage Bank Plc finished the trading session as the most traded stock by volume on a year-to-date basis with a turnover of 2.3 billion units valued at N1.2 billion, CSCS Plc stood in second place with 687.6 million units worth N14.3 billion, and Mixta Real Estate Plc in third place with 178.1 million units valued at N313.4 million.

CSCS Plc, with the sale of 687.6 million units valued at N14.3 billion, was the most traded stock by value on a year-to-date basis. VFD Group Plc was in second place with 27.7 million units worth N7.4 billion as FrieslandCampina WAMCO Nigeria Plc was in third place with 14.3 million units valued at N1.7 billion.