Adedapo Adesanya
By Adedapo Adesanya
Central Securities Clearing System (CSCS) Plc helped the NASD Over-the-Counter (OTC) Securities Exchange record a 0.16 per cent gain on Monday, June 19, returning to positive territory.
This increased the value of the unlisted securities market by N1.6 billion during the session to N1.026 trillion from the N1.024 trillion it quoted at the previous session, as the NASD Unlisted Securities Index (NSI) improved by 1.16 points to end the day at 741.90 points versus last Friday’s 740.74 points.
Business Post reports that the share price of CSCS Plc appreciated yesterday by 35 Kobo to settle at N16.05 per unit, in contrast to the previous trading day’s value of N15.70 per unit.
The alternative bourse recorded a price loser on the first trading day of the week, and this was Niger Delta Exploration and Production (NDEP) Plc, which lost 83 Kobo to quote at N250.00 per unit compared with the previous closing price of N250.83 per unit.
At the market on Monday, the volume of securities traded by investors eased by 57.1 per cent to 2.2 million units from 5.1 million units, the value of shares traded by the market participants went down by 60.2 per cent to N13.93 million from N34.98 million, while the number of trades increased by 38.9 per cent to 25 deals from the 18 deals reported in the preceding trading session.
Geo-Fluids Plc ended the trading session as the most traded stock by volume (year-to-date) with 842.5 million units worth N1.3 billion, trailed by Industrial and General Insurance (IGI) Plc with 630.1 units valued at N49.6 million, and UBN Property Plc with the sale of 395.9 million units valued at N336.6 million.
Similarly, VFD Group Plc remained the most traded stock by value (year-to-date) with 11.1 million units worth N2.5 billion, trailed by Geo-Fluids Plc with 842.5 million units valued at N1.3 billion, and FrieslandCampina Wamco Nigeria Plc with 17.9 million units worth N1.3 billion.
