The NASD Over-the-Counter Securities Exchange witnessed a dip in its market value last week over the N10.27 billion loss recorded.
The loss was on the back of negative movement in the prices of FrieslandCampina WAMCO and Central Securities Clearing System Plc (CSCS). They shrank the value of the bourse to N958.33 billion from the preceding week’s N968.60 billion.
FrieslandCampina lost 6.2 per cent in the week to settle at N73.15 per share compared with the previous week’s N78.00 per share while CSCS declined by 1.2 per cent to close at N14.00 per unit versus N14.17.
Consequently, the NASD Securities Index (NSI) was pulled down by 1.06 per cent to 727.98 points from the 735.79 points of the previous week.
Last week, which was the 40th trading week of the year, the share price of Afriland Properties Plc increased by 2.5 per cent to N1.25 per unit from N1.22 per unit.
It was observed that the value of transactions in the week increased by 76.1 per cent to N92.9 million from N52.8 million, the volume of trades jumped by 24.1 per cent to 708,644 units from 571,164 units, while the number of deals depreciated by 22.0 per cent to 39 deals from 50 deals.
11 Plc ended the four-day trading week as the most active stock by volume with the sale of 398,593 units, Niger Delta Exploration and Production Plc transacted 105,069 units, FrieslandCampina WAMCO Plc exchanged 67,962 units, Famad Nigeria Plc recorded 50,000 units, Afriland Properties Plc traded 39,830 units.
In terms of value, 11 Plc also topped the chart with N67.8 million, NDEP Plc followed with N19.6 million, FrieslandCampina WAMCO Plc traded N5.1 million, CSCS Plc posted N449,348, and Famad Africa Plc recorded N62,500.
On a year-to-date basis, the NASD OTC exchange decreased by 2.0 per cent last week on the back of high inflation and an increase in interest rate, which have made unlisted stocks less attractive to investors.
