Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange opened the new week still in the bearish territory following a negative price movement in shares of Central Securities Clearing Systems (CSCS) Plc.
The market depreciated by 0.42 per cent yesterday after the equity price of the Nigerian depository company went down by 91 kobo or 5.3 per cent to sell at N17.09 per share compared to N18 per share it closed the previous session.
As a result, the market capitalisation of the exchange reduced by N2.72 billion to close at N651.60 billion in contrast to N654.32 billion it quoted last Friday.
Equally, the NASD Unlisted Security Index (NSI) shed 3.14 points to end the day at 749.67 points as against 752.81 points it recorded at the previous session.
Despite the loss, two firms posted gains with Niger Delta Exploration and Production (NDEP) Plc rising by 3.4 per cent or N8.85 to sell at N259.85 per unit versus the previous session’s N251 per unit.
On its part, the Nigerian Exchange (NGX) Group Plc appreciated by 11 kobo or 0.7 per cent to close at N16.64 per unit as against N16.53 per unit it was sold at the last time.
It was observed that the volume of securities traded by investors on Monday increased by 171.2 per cent to 4.2 million units from 1.5 million units, while the value of trades rose by 232.2 per cent to N85.9 million from N25.9 million, with the number of deals rising by 69.2 per cent to 22 deals from the preceding session’s 13 deals.
At the close of transactions, Geo Fluids Plc remained as the most active stock by volume (year-to-date) with the sale of 1.0 billion units of its shares for N700.1 billion. NGX Group Plc was the second-highest traded stock with 384.3 million worth N8.1 billion, while Food Concepts Plc was in third place with 294.4 million units worth N385.4 million.
In terms of value on a year-to-date basis, the highest was NGX Group Plc with the sale of 384.3 million units of its securities for N8.1 billion. VFD Group Plc remained in the second spot with 6.3 million units of its securities valued at N2.0 billion, while NDEP Plc has traded 3.3 million units worth N1.0 billion.
