CSCS Leads NASD Bourse to 0.39% Loss

By Adedapo Adesanya

The National Association of Securities Dealers (NASD) Over-the-Counter (OTC) Securities Exchange opened the week on a bearish note as it lost 0.39 per cent on Monday on the back of a slip in the price of Central Securities Clearing System (CSCS) Plc.

The share price of CSCS Plc went down by N1.23 or 7.8 per cent during the session to N15.72 per unit from the previous session’s N16.95 per unit.

The decline posted by the stock outshone the gains printed by FrieslandCampina WAMCO Nigeria Plc and NASD Plc at the unlisted securities market yesterday.

FrieslandCampina recorded a 0.9 per cent or N1 growth to close at N110.00 per unit as against the N109.00 per unit it closed last Friday, while NASD Plc appreciated by 28 kobo or 2.0 per cent to trade at N14.00 per share in contrast to the last price of N13.72 per share.

But at the close of transactions, the market capitalisation of the NASD bourse shed N4.07 billion to settle at N1.03 trillion as against the preceding session’s N1.04 trillion, while the NASD Unlisted Securities Index (NSI) fell by 3.11 points to 789.94 points from 793.05 points.

At the market yesterday, the volume of securities traded by investors depreciated by 60.9 per cent to 3.8 million units from 9.6 million units, the value of securities, however, jumped by 36.9 per cent to N63.7 million from N46.5 million, while the number of trades went down by 45.8 per cent to 13 deals from 24 deals.

AG Mortgage Bank Plc remained the most traded stock by volume (year-to-date) with 2.3 billion units valued at N1.2 billion, CSCS Plc stood in second place with 662.2 million units worth N13.9 billion, while Food Concepts Plc was in third place with 134.0 million units valued at N115.0 million.

In terms of the most active stock by value (year-to-date), CSCS Plc remained on top with 662.2 million units exchanged for N13.9 billion, VFD Group was in second place with 9.4 million units valued at N2.9 billion, while AG Mortgage Bank Plc was in third place with 2.3 billion units worth N1.2 billion.