Again, CSCS Crashes NASD Index by 1.11%

By Adedapo Adesanya

The Central Securities Clearing System (CSCS) Plc again pulled down the NASD Over-the-Counter (OTC) Securities Exchange on Thursday, August 20, by 1.11 per cent.

The securities depository company further lost N5.93 during the trading session to close at N82.20 per share versus the midweek closing price of N88.12 per share.

As a result, the NASD Security Index (NSI) slid by 48.25 points to 4,284.84 points from 4,333.09 points, and trimmed the bourse’s market capitalisation by N28.96 billion to N2.571 trillion from N2.60 trillion.

During the trading day, the price of Afriland Properties Plc went up by 50 Kobo to N20.50 per unit from N20.00 per unit.

Yesterday, the volume of securities transacted by investors slumped by 85.1 per cent to 112,218 units from 747,429 units, the value of securities fell by 95.2 per cent to 4.6 million from 9.4 million, and the number of deals decreased by 40.5 per cent to 25 deals from 42 deals.

Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, trailed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units exchanged for N6.5 billion, and CSCS Plc with 79.9 million units worth N5.8 billion.

GNI Plc also finished the session as the most traded stock by volume on a year-to-date basis, with 3.4 billion units transacted for N8.4 billion, followed by Infracredit Plc with 2.3 billion units traded for N6.5 billion, and Resourcery Plc with 1.1 billion units sold for N415.7 million.