NASD Plc Slacks Unlisted Securities Market by 0.11%

By Adedapo Adesanya

The last trading session of the week on the floor of the NASD Over-the-Counter (OTC) ended on a negative note on Friday with a 0.11 per cent depreciation triggered by NASD Plc.

The total value of the unlisted securities market in Nigeria declined by N700 million yesterday to settle at N631.55 billion in contrast to N632.25 billion it closed in the preceding session.

Following the same trend, the NASD Unlisted Securities Index (NSI) slacked by 0.83 points to wrap the session at 745.82 points compared with 746.65 points recorded on Thursday.

Business Post reports that NASD Plc closed as the lone price loser, declining by N1.60 or 10.7 per cent to trade at N14.90 per share compared with the previous closing price of N16.50 per share.

However, there was a price gainer and this was Niger Delta Exploration and Production (NDEP) Plc, which grew by 5 kobo or 0.02 per cent to quote at N234.95 per unit versus the previous day’s N234.90 per unit.

A look at the activity level showed that the market recorded a rise in the volume of securities traded by investors yesterday and this was by 194.4 per cent. A total of 1.3 million units of securities were transacted during the session as against the 427,942 units of securities traded at the preceding session.

Similarly, there was a jump in the value of shares traded yesterday by 304.1 per cent to N30.4 million from Thursday’s N7.5 million, while the number of deals increased by 33.3 per cent to 12 deals from the nine deals executed a day earlier.

When the market closed for the session, Central Securities Clearing Systems (CSCS) Plc retained its position as the most traded stock by volume (year-to-date) with a turnover of 653.7 million units worth N13.7 billion. NASD Plc came next with 2.5 million units valued at N43.9 million, while Dufil Plc came in third place as it has traded 2.0 million units worth N18 million.

CSCS Plc also ended the day as the most traded stock by value (year-to-date) with the sale of 653.7 million units worth N13.7 billion, VFD Group Plc trailed with 916,161 units worth N331.5 million, while NDEP Plc was in the third place with 269,523 units traded for N63.5 million.