Adedapo Adesanya
By Adedapo Adesanya
As the sole loser, the Central Securities Clearing System (CSCS) Plc pulled the NASD Over-the-Counter (OTC) Securities Exchange into the negative zone by 1.44 per cent on Tuesday, April 25, reducing the market capitalisation of the bourse by N14.68 billion to N1.007 trillion from the N1.020 trillion it closed in the preceding session.
It was the first time the market opened its doors for business since last Thursday as the platform was shut down to observe the 2023 Eid al-Fitr holiday.
At the resumption of proceedings yesterday, the NASD Unlisted Securities Index (NSI) went down by 10.62 points to wrap the session at 728.15 points compared with 738.77 points recorded in the previous session.
CSCS Plc depreciated by N1.18 to sell at N13.07 per share compared with the preceding session’s N14.25 per share.
It was observed that the trading activity was low yesterday as the trading volume, value, and number of deals dropped at the close of business.
The volume of transacted stocks decreased by 36.2 per cent to 7.0 million units from the 11.1 million units traded in the preceding session, the value of shares traded went down by 73.4 per cent to N17.3 million from N65.1 million, while the number of deals went south by 50 per cent to 12 deals from 24 deals published last Thursday.
Business Post reports that Geo-Fluids remained the most traded stock by volume on a year-to-date basis with 820.8 million units worth N1.3 billion, Industrial and General Insurance (IGI) Plc stood in second place with 615.6 million units valued at N48.6 million, while UBN Property was in third place with 369.8 million units valued at N313.0 million.
On the flip side, VFD Group Plc maintained its summit position as the most active stock by value on a year-to-date basis with 10.4 million units sold for N2.4 billion, Geo-Fluids Plc was in second place for trading 820.8 million units for N1.3 billion, and FrieslandCampina WAMCO Group Plc was in third place with 4.6 million units valued at N320.4 million.
