Mon. Nov 25th, 2024

CSCS, Food Concepts Trigger Unlisted Securities Market’s 0.42% Decline

ISSA CSCS

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed Thursday’s trading day with a decline of 0.42 per cent triggered by the duo of Central Securities Clearing System (CSCS) Plc and Food Concepts Plc.

They overshadowed the gains recorded by the duo of 11 Plc, NASD Plc, FrieslandCampina WAMCO Nigeria Plc, and Geo-Fluids Plc, according to data obtained from the unlisted securities market.

At the close of business, the NASD Unlisted Security Index (NSI) depreciated by 3.52 points to end the day at 833.02 points as against the 836.54 points recorded in the previous session.

In the same vein, the market capitalisation of the bourse went down by N4.77 billion to close at N1.129 trillion compared with the midweek session’s N1.133 trillion.

CSCS Plc lost 87 Kobo to end the day at N20.10 per share compared to N20.97 per share previously quoted price, and Food Concepts Plc depreciated by 8 Kobo to close at N1.52 per unit versus Wednesday’s N1.60 per unit.

However, 11 Plc improved its price by N3.00 to close at N133.00 per unit compared with the previous day’s N130.00 per unit, NASD Plc recorded a 50 Kobo gain to close at N12.10 per share versus N11.60 per share, FrieslandCampina Wamco grew by 15 Kobo to end at N80.26 per unit versus N80.11 per unit, and Geo Fluids Plc went up by 2 Kobo to N2.99 per share, in contrast to the preceding day’s N2.97 per share.

During the session, investors traded 115.7 million securities, 2,398.9 per cent higher than the 4.6 million securities transacted a day earlier, the value of shares rose by 140.6 per cent to N166.7 million from the previous day’s N47.1 million, while the number of deals decreased by 17.9 per cent to 23 deals from 28 deals.

At the close of transactions, CSCS Plc was the most traded stock by volume (year-to-date) with 1.2 billion units worth N22.3 billion, UBN Property Plc was in second place with 1.1 billion units valued at N1.1 billion, and Geo-Fluids Plc stood in third place with 696.9 units sold for N1.3 billion.

Also, CSCS Plc remained as the most traded stock by value (year-to-date) with 1.2 billion units worth N22.3 billion, VFD Group maintained second spot with 26.6 million units valued at N5.9 billion, and Aradel Holdings Plc was in third place with 7.2 million units sold for N2.8 billion.

By 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.

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