By Adedapo Adesanya
Central Securities Clearing Systems (CSCS) Plc returned the NASD Over-the-Counter (OTC) Securities Exchange to the bulls’ territory on Thursday, January 13 a day after the market derailed.
The unlisted securities exchange appreciated by 0.39 per cent on the back of the N1 or 5 per cent growth posted by CSCS during the session as its share price ended at N20.00 per unit as against N19.00 per unit of the previous day.
This development expanded the market capitalisation of the bourse by N2.47 billion at the close of business on Thursday to N633.52 billion from N631.05 billion.
Also, it increased the NASD Unlisted Security Index (NSI) by 2.93 points when the market ended for the day to 748.16 points from the preceding session’s 745.23 points.
Business Post reports that the market was not without a price decliner and this was 11 Plc, which suffered a 3.4 per cent or N7 loss to close at N208.00 per share compared to N215.00 per share of the previous day.
During the trading day, there was an increase in the volume of securities traded by 393.7 per cent as investors exchanged 329,347 units in contrast to the 66,711 units of securities recorded at the midweek session.
Also, the value of shares exchanged by market participants appreciated by 287.9 per cent to N9.3 million from N2.4 million, while the number of deals rose by 22.2 per cent to 11 deals from the nine deals achieved on Wednesday.
When the market closed for the day, CSCS Plc was the most active stock by volume on a year-to-date basis with the sale of 832,975 units worth N16.6 million. Friesland Campina WAMCO Nigeria Plc maintained second place with the sale of 40,644 units valued at N4.8 million, while Nipco Plc was in third place with 17,308 units valued at N1.0 million.
The most traded stock by value on a year-to-date basis was also CSCS with a turnover of 832,975 units worth N16.6 million, followed by Friesland Campina WAMCO Nigeria Plc with 40,644 units worth N4.8 million, and 11 Plc with 9,872 units worth N2.1 million.
Modupe Gbadeyanka