By Adedapo Adesanya
Following a loss of N6.64 billion, the NASD Over-the-Counter (OTC) market capitalisation closed at N529.12 billion in the 27th week of trading this year.
In the preceding week, the total value of securities on the exchange stood at N535.76 billion.
The decline resulted from the negative movement in the price of Central Securities and Clearing System (CSCS) Plc, which outweighed three price advancers recorded in the week.
Business Post reports that CSCS Plc lost 8.4 per cent last week to settle at N16.99 per share in contrast to N18.55 per share of the prior week.
This depleted the NASD Security Index (NSI) by 1.2 per cent or 9.34 points in the five-day trading week to 744.39 points from 753.73 points of the previous week.
As earlier stated, three securities finished on the gainers’ chart and they were led by Friesland Campina Wamco Nigeria Plc, which improved by 0.9 per cent to finish at N120.00 per unit compared with the previous N118.90 per unit.
Nigerian Exchange Group Plc gained 0.4 per cent in the week to close at N18.06 per unit in contrast to the previous N17.99 per unit, while Niger Delta Exploration and Production (NDEP) Plc appreciated by 0.2 per cent to settle at N280.50 per share as against the previous N280.01 per share.
Last week, there was a 58.4 per cent decrease in the total value of stocks traded by investors to N439.7 million from N1.2 billion.
Also, the volume of stocks decreased by 98.1 per cent to 19.6 million from 1.1 billion of week 26, while the number of deals went down by 1.2 per cent to 170 trades from 172 deals.
At the close of the week, NGX Group was the most traded security by volume with 15.3 million units. CSCS Plc traded 3.6 million units, Friesland exchanged 551,741 units, 11 Plc traded 100,000 units, while NDEP Plc recorded 51,920 units.
In terms of the value of trades in the week, NGX Group topped with N270.1 million, Friesland Plc recorded N66.1 million, CSCS Plc traded N65.4 million, 11 Plc posted N21.5 million, while NDEP Plc had N14.6 million.
In the year so far, the NASD trading platform has gained 0.4 per cent, while investors have traded a total of 1,489,811,801 units of shares worth N10.4 billion in 2,902 deals.