The NASD Over-the-Counter Securities Exchange dipped further last week as investors recorded a N23.06 billion loss.
The market value of the market fell to N952.51 billion from the N975.57 billion reported in the preceding week.
This is as the NASD Securities Index (NSI) decreased by 17.53 points to settle at 723.56 points as against the 741.09 points it finished a week earlier.
The loss recorded in the market was occasioned by shortfalls in the shares of four companies led by FrieslandCampina Wamco Nigeria Plc, which dropped 9.9 per cent to close at N73,00 per share in contrast to the previous week’s N81.00 per share.
Central Securities Clearing System (CSCS) Plc lost 7.2 per cent to trade at N12.53 per share compared with N13.50 per share it closed the preceding week, 11 Plc went down by 9.5 per cent to sell for N170.00 per unit in contrast to N18.00 per unit, while Food Concepts Plc depreciated by 1.1 per cent to finish at 90 Kobo versus the preceding week’s 91 Kobo.
In the week, Nigerian Mortgage Refinance Company (NMRC) Plc gained 9.6 per cent to end at N5.24 per share compared with the previous week’s N4.78 per share, and NASD Plc rose by 4.00 per cent to N13.00 per share from N12.50 per share, while Niger Delta Exploration & Production Plc advanced by 2.1 per cent to N199.00 per unit from N195.00 per unit.
In the five-day trading week, there was a 69.2 per cent decrease in the total value of securities traded by investors to N151.3 million from N490.7 million, the trading volume went down by 86.7 per cent to 25.3 million units from 190.1 million units, while the number of deals fell by 11.5 per cent to 46 deals from 52 trades.
The most active stock for the week by value was NMRC Plc with N130.9 million, NDEP Plc recorded N11.7 million, FrieslandCampina WAMCO Plc posted N4.5 million, 11 Plc reported N1.7 million and CSCS Plc traded N1.3 million.
By volume, the most traded stock was also NMRC Plc with 25.0 million units, CSCS Plc recorded 100,930 units, Food Concepts Plc posted 60,000 units, FrieslandCampina WAMCO Plc had 59,711 units as NDEP Plc recorded 56,739 unit.
On a year-to-date basis, the bourse has recorded the sale of 3.5 billion units of securities worth N26.7 billion executed in 2,119 deals.
