CSCS, Afriland Push Unlisted Securities Index Higher by 0.34%

By Adedapo Adesanya

The unlisted securities index of the NASD Over-the-Counter (OTC) Securities Exchange continued its stay in the positive zone on Thursday, May 4 after it appreciated 0.34 per cent or 2.44 points to wrap the session at 726.12 points compared with 723.68 points in the previous session.

The improvement was driven by the upward movements in the share prices of two companies, which pressed down the loss reported by a price loser.

During the session, Central Securities Clearing System (CSCS) Plc gained 87 Kobo to trade at N13.20 per unit versus Wednesday’s N12.33 per unit, Afriland Properties Plc improved by 10 Kobo to quote at 2.40 per unit, in contrast to the preceding session’s N2.30 per unit, while FrieslandCampina Wamco Nigeria Plc depreciated by 57 Kobo to close at N73.97 per share as against the previous day’s closing price of N74.54 per share.

At the end of the trading session, the market capitalisation of the bourse moved up by N3.38 billion to settle at N1.004 trillion compared with the N1.001 trillion it finished a day earlier.

Business Post reports that the volume of securities traded at the bourse by investors increased by 47.7 per cent to 161,804 units from 109,552 units, the value of shares traded at the session ballooned by 5.7 per cent to N8.6 million from the N8.2 million posted on Wednesday, and the number of deals went up by 62.5 per cent to 13 deals from the eight deals executed in the midweek session.

Geo-Fluids Plc closed the day as the most traded stock by volume (year-to-date) with 820.8 million units worth N1.3 billion, IGI Plc stood in second place with 627.7 units valued at N49.4 million, while UBN Property Plc was in third place with 379.8 million units valued at N321.6 million.

VFD Group Plc ended the session as the most traded stock by value (year-to-date) with 10.4 million units valued at N2.4 billion, Geo-Fluids Plc has sold 820.8 million units worth N1.3 billion, and FrieslandCampina Wamco Nigeria Plc has exchanged 5.0 million units valued at N349.5 million.