By Adedapo Adesanya
Niger Delta Exploration and Production (NDEP) Plc and Central Securities Clearing Systems (CSCS) Plc further dragged down the NASD Over-the-Counter (OTC) Securities Exchange on the first trading session of this week by 0.37 per cent on Monday, March 7.
These stocks weakened the market capitalisation by N2.3 million to settle at N616.36 billion compared with N618.66 billion it quoted at the previous session.
This also depleted the NASD Unlisted Securities Index (NSI) by 2.72 basis points to end the day at 727.89 points as against 730.61 points it recorded at the preceding session.
At the unlisted securities market, NDEP Plc depreciated by N8 or 4.2 per cent to sell for N192.00 per unit as against N200.00 per unit it finished last Friday, while CSCS Plc went down by 17 kobo or 0.9 per cent to sell at N18.24 per share compared with N18.41 per share of the previous session.
Yesterday, the volume of unlisted stocks transacted at the exchange depreciated by 30.8 per cent to 84,067 units from 121,500 units, while the value of the transactions declined by 55.9 per cent to N2.6 million from the N5.9 million made previously, with the number of deals increasing by 25 per cent to five deals from the four deals recorded last Friday.
Business Post reports that CSCS Plc remained as the most traded security by volume (year-to-date) with a turnover of 656.8 million units sold for N13.8 billion. AG Mortgage Bank Plc came next with 32.0 million units valued at N16.7 million, while NASD Plc came in third place with the sale of 21.9 million units of stocks were valued at N215.7 million.
Also, the most traded security by value (year-to-date) was also CSCS Plc with the sale of 656.8 million units valued at N13.8 billion, VFD Group Plc trailed with 916,161 units worth N331.5 million, and FrieslandCampina WAMCO Nigeria Plc with 2.2 million units traded for N265.0 million.
Dipo Olowookere