By Adedapo Adesanya
The bears made a visit to the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Wednesday, May 5 and left the exchange battered by 0.27 per cent.
With the support of profit-takers, they truncated the gaining streaks at the unlisted securities market at the midweek trading session.
As a result, the NASD Unlisted Securities Index (NSI) went down by 2.18 points to 799.87 points from the previous day’s 797.69 points, while the market capitalisation decreased by N1.55 billion to N567.01 billion from N568.56 billion.
Business Post observed the decline in the unlisted stocks on the exchange was influenced by Central Securities Clearing Systems (CSCS) Plc, which saw its stock price drop 31 kobo or 1.7 per cent to N18.04 per unit from N18.35 per unit it was sold on Tuesday.
The market was not without a price gainer as the Nigerian Exchange (NGX) Group Plc recorded a 0.27 kobo or 0.9 per cent to sell at N30.11 per unit compared to N29.84 per unit of the previous session.
During the session, a total of 18.9 million shares were transacted, 306.7 per cent higher than the 4.7 million shares traded at the preceding day, while the value of shares increased by 204.6 per cent to N452.9 million from N148.7 million realised at the preceding session.
However, the number of deals depreciated by 26.8 per cent to 41 deals from the previous day’s 56 deals, with NGX accounting for 34 deals, CSCS accounting for five deals and Air Liquide Plc accounting for two deals.
At the close of transactions, NGX Group remained as the most active stock by volume (year-to-date) with 151.4 million units worth N3.5 billion. CSCS Plc was in second place with 26 million units worth N397.9 million, while UBN Property Plc held the third position with 21.9 million units worth N24.6 million.
In terms of the most active stock by value (year-to-date), NGX Group maintained the top spot with the sale of 151.4 million units of securities for N3.5 billion. Niger Delta Exploration and Production (NDEP) Plc remained on the second spot with 2.3 million units valued at N720.2 million, while FrieslandCampina WAMCO Nigeria stayed in the third position with 4.2 million units valued at N524.8 million.
