The NASD Over-the-Counter (OTC) Securities Exchange ended the week’s last trading day, Friday, May 5, on a negative note, depreciating by 0.01 percent due to a drop in the share price of Afriland Properties Plc.
As a result, the NASD OTC stock exchange’s market capitalization fell by N140 million, closing the day at N1.004 trillion from N1.004 trillion.
Similarly, the NASD Unlisted Securities Index (NSI) fell 0.1 points to end the session at 726.02 points, down from 726.12 points in the previous session.
The stock price of Afriland Plc fell by 10 Kobo during the session to close at N2.30 per unit, down from N2.40 per unit in the previous session.
The volume of securities traded at the bourse increased by 88.0 percent to 304,237 units from 161,804 units the previous day, according to the day’s trading activity.
However, the value of transactions fell by 89.7% during the session to N891,561.70 from the N8.6 million reported by the bourse the previous session.
These trades were executed in eight transactions on Friday, compared to the 13 transactions executed by market participants in the previous trading session, indicating a 38.5 percent decrease.
Yesterday’s market saw no price risers.
Geo-Fluids Plc remained the most traded stock by volume (year to date) with 820.8 million units valued at N1.3 billion, followed by IGI Plc with 627.7 units valued at N49.4 million, and UBN Property Plc with 379.8 million units valued at N321.6 million.
VFD Group Plc, on the other hand, ended the session as the most traded stock by value (year to date), with 10.4 million units worth N2.4 billion, Geo-Fluids Plc in second place with 820.8 million units worth N1.3 billion, and FrieslandCampina Wamco Nigeria Plc in third place with 5.0 million units worth N349.7 million.
