By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange ended in the negative territory on Tuesday, November 24 caused by a negative price movement in the stock price of Central Securities Clearing Systems (CSCS) Plc.
It was the first time in four trading sessions the exchange was recording any movement as the previous three trading days had closed flat.
Yesterday, the equity price of the Nigerian security depository company went down by 8 kobo or 0.55 per cent to settle at N14.50 per share in contrast to N14.58 per share it closed at the previous session.
The poor performance of the company affected the general outcome of the unlisted securities market as the NASD market capitalisation decreased by 0.07 per cent or N400 million to close at N547.06 billion compared with N547.46 billion it quoted on Monday.
Likewise, the NASD Unlisted Security Index (NSI) went down by 0.07 per cent or 0.54 points at the session to settle at 735.99 points as against 736.53 points recorded at the previous session.
However, the level of activity increased as the total number of shares transacted by investors rose by 6,144.6 per cent to 62,446 units from 1,000 units of shares of the previous day.
Following the same pattern was the total value of shares transacted by traders, which jumped by 20,055.4 per cent to N3.2 million from N15,700.
The bourse also recorded a higher number of deals as three deals were executed by market participants compared with a single deal carried out a day before.
A breakdown showed that the deals were carried out on Afriland Plc, FrieslandCampina WAMCO Nigeria Plc and CSCS Plc.
ARM Life Plc remained the most traded stock by value (year-to-date) for trading 7.4 billion units for N4.6 billion. It was trailed by the Niger Delta Exploration and Production (NDEP) Plc, which has traded 10.9 million units valued at N3.4 billion, and CSCS Plc, which has exchanged 204.6 million units valued at N2.7 billion.
Also, ARM Life was the most traded stock by volume (year-to-date) for transacting 7.4 billion units worth N4.6 billion, while CSCS has traded 204.6 million units worth N2.7 billion, with Food Concepts trading 152.1 million units for N109.4 million.
Dipo Olowookere