Capital Bancorp Chips Off 0.01% from Unlisted Stock Exchange

June 18, 2022
Capital Bancorp

By Adedapo Adesanya

On the last trading session of the week, the NASD Over-the-Counter (OTC) Securities Exchange closed in the negative region following the marginal 0.01 per cent loss it posted when trading activities were brought to an end.

This chipped off N130 million from the total value of the unlisted stock exchange yesterday to N1.006 trillion from N1.006 trillion and trimmed the NASD Unlisted Securities Index (NSI) by 0.1 points to wrap the session at 794.41 points compared with 794.51 points recorded in the previous session.

Business Post reports that the loss was triggered by the decline in the price of Capital Bancorp Plc by 17 kobo or 5.67 per cent to settle at N2.83 per unit in contrast to the previous day’s N3.00 per unit.

During the trading day, there was a slump in the volume of securities traded by 41.4 per cent as investors transacted 1.9 million units compared with the 3.2 million units traded in the preceding session.

In the same vein, there was a decline in the value of shares bought and sold by investors by 71.5 per cent to N7.3 million compared with the N21.0 million of the previous day.

However, the number of trades during the session increased by 180 per cent to 14 deals from the five deals carried out on Thursday.

Like in the preceding session, AG Mortgage Bank Plc was the most active stock by volume on a year-to-date basis with the sale of 2.3 billion units worth N1.2 billion, followed by Central Securities Clearing System (CSCS) Plc with 673.5 million units worth N14.1 billion, Food Concepts Plc with 146.0 million units valued at N126.7 million.

The most active stock by value on a year-to-date basis was still CSCS Plc with 673.5 million units exchanged for N14.1 billion, trailed by VFD Group with 9.6 million units worth N3.0 billion, and FrieslandCampina WAMCO Nigeria Plc with 9.6 billion units valued at N1.2 billion.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Leave a Reply

Bitcoin like a Pro
Previous Story

Naira Trades Flat as Bitcoin Crashes Below $20,000

The Great Resignation
Next Story

How Businesses Can Focus on Employees to Avoid The Great Resignation

Latest from Economy

Don't Miss