The NASD Over-the-Counter (OTC) Securities Exchange lost 0.02 percent on Tuesday, March 21, remaining in the red zone.
Remember that unlisted securities in Nigeria depreciated by 0.05 percent the day before due to renewed profit-taking and that this action continued yesterday as investors attempted to rebalance their portfolios due to the macroeconomic environment.
As a result, the NASD Unlisted Securities Index (NSI) fell 0.15 points to 730.94 points on Tuesday, down from 731.09 points the previous session, while the alternative bourse’s market capitalization fell by N200 million to N960.46 billion, down from N960.66 billion on Monday.
The session’s loss was driven by a 10 Kobo drop in the share price of FrieslandCampina Wamco Nigeria Plc, which ended the day at N75.01 per unit versus the previous day’s N75.11 per unit, according to data.
According to the market activity chart, the volume of securities traded at the bourse yesterday decreased by 99.9% to 8,408 units from the 58.1 million units quoted on Monday.
Similarly, the value of shares bought and sold by market participants fell by 97.8% to N1.1 million from N50.3 million, while the number of transactions fell by 75% to three from 12 in the previous trading session.
Geo-Fluids Plc was the most active stock by volume year to date, with 455.3 million units worth N493.6 million, UBN Property Plc was second with 365.8 units worth N309.5 million, and IGI Plc was third with 25.1 million units worth N1.9 million.
At the close of transactions on Tuesday, the most active stock by value (year to date) was still VFD Group Plc with 7.3 million units valued at N1.7 billion, Geo-Fluids Plc was second with 455.3 million units worth N493.6 million, and UBN Property Plc was third with 365.8 million units worth N309.5 million.