Unlisted Securities Bourse Extends Loss by 0.50%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange continued its stay in the red zone on Thursday, February 23 as it depreciated 0.5 per cent.

The loss was driven by a decline in the share price of Central Securities Clearing Systems (CSCS) Plc by N1.37 during the session to close at N12.63 per unit compared with the previous day’s N14.00 per unit.

This shortened the market capitalisation of the unlisted securities bourse by N4.67 billion to N934.92 billion from the N939.57 billion achieved a day earlier.

In the same vein, the NASD Unlisted Securities Index (NSI) depreciated during the session by 3.56 points to wrap the day at 711.50 points compared with 715.06 points in the previous session.

It was observed that the trading platform for companies not on the country’s main stock exchange recorded a price gainer yesterday and it was Afriland Properties Plc, which improved by 16 Kobo to trade at N1.72 per share versus Wednesday’s value of N1.56 per share.

A look at the activity chart showed that the volume of securities traded at the bourse by investors decreased by 87.8 per cent to 618,363 units from the 5.1 million units reported in the midweek session.

However, the value of shares traded at the session ballooned by 1,459.9 per cent to 105.4 million from N6.76 million, and the number of deals grew by 255.6 per cent to 32 deals from the nine deals executed in the preceding day.

When the market closed for the day, Geo-Fluids Plc was the most traded stock by volume (year-to-date) with 339.8 million units valued at N337.6 million, UBN Property Plc stood in second place with 294.0 units valued at N247.8 million, and VFD Group Plc was in third place with 7.0 million units worth N1.6 billion.

On the flip side, VFD Group Plc finished the session as the most traded stock by value (year-to0date) with 7.0 million units worth N1.6 billion, Geo-Fluids Plc was second with 339.8 million units worth N337.6 million, and UBN Property Plc was third with 294.0 million units valued at N247.8 million.