The NASD Over-the-Counter (OTC) Securities Exchange, on Wednesday, extended its stay in the bearish territory for the fifth consecutive session with a 0.08 percent loss.
This was influenced by the drop in the stock price of AG Mortgage Bank Plc, depressing the market capitalization of the NASD exchange by N460 million to close at N614.63 billion compared with N614.17 billion it was quoted at the previous session.
In the same vein, the NASD Unlisted Securities Index (NSI) shed 0.55 points to end the day at 725.30 points as against 725.85 points it recorded at the previous session.
The price of AG Mortgage Bank Plc depreciated yesterday by 6 kobo or 11.5 percent to close at 52 kobo per unit as against 58 kobo it previously traded.
There was no single price riser at the market on Wednesday, but the volume of securities traded at the bourse increased by 905.5 percent to 16.9 million units from the 1.7 million units transacted by market participants on Tuesday.
Likewise, there was an ascent in the value of shares traded yesterday by 6.7 percent as traders transacted shares worth N14.9 million compared with the N13.9 million achieved a day earlier.
These transactions were carried out in five deals compared with the 13 deals carried out at the previous session, indicating a 61.5 percent increase.
Central Securities Clearing Systems (CSCS) Plc closed as the most active stock by volume on a year-to-date basis with the sale of 656.6 million units valued at N13.8 billion. NASD Plc came next with 21.9 million units valued at N215.7 million, while AG Mortgage Bank Plc came in third place for trading 16.8 million units worth N8.8 million.
Also, CSCS Plc finished the session as the most active stock by value on a year-to-date basis with a turnover of 656.6 million units valued at N13.8 billion, VFD Group Plc trailed with 916,161 units worth N331.5 million, while FrieslandCampina WAMCO Nigeria Plc has transacted 2.2 million units for N264.1 million.
