By Adedapo Adesanya
The trading of unlisted securities at the NASD Over-the-Counter (OTC) Securities Exchange on Tuesday was bearish as a result of the 1.61 per cent recorded at the session.
This trimmed the NASD Unlisted Security Index (NSI) by 12.38 points to 756.04 points from 768.42 points recorded at the previous session.
It also reduced the market capitalisation of the bourse by N8.8 billion yesterday to N537.40 billion from N546.20 billion it ended on Monday.
Business Post reports that the loss posted by the unlisted securities market was caused by the decline in the prices of Central Securities Clearing Systems (CSCS) Plc and Nigeria Exchange (NGX) Group Plc.
CSCS Plc depreciated by N1.76 or 9.9 per cent to close at N15.89 per unit compared to N17.65 per unit of the preceding day, while NGX Group fell by 32 kobo or 1.6 per cent to close the session at N20.32 per share in contrast to N20.64 per share it traded on Monday.
At the market yesterday, investors traded 3.5 million units of shares compared to the 19.7 million units recorded at the previous session, indicated a decline of 82.1 per cent.
Also, the value of these transactions reduced by 83.0 per cent to N71.8 million from N422.9 million, while the number of deals decreased by 1.8 per cent to 54 deals from 55 deals recorded on Monday.
A breakdown showed that NGX Group accounted for 43 deals, FrieslandCampina WAMCO Nigeria Plc accounted for five deals, Afriland Properties Plc accounted for two deals, while CSCS Plc, Mixta Real Estate Plc, Air Liquide Plc, and UBN Property Plc accounted for one deal each.
When trading activities were wrapped up for the day, NGX Group maintained its position as the most active stock by volume (year-to-date) with 209.0 million units worth N4.8 billion. Swap Technologies & Telecomms Plc was in second place with 46.6 million units worth N41.0 million, while CSCS Plc held the third position with 27.3 million units of its shares worth N420.1 million.
In terms of value (year-to-date), NGX Group was also the most traded stock for trading 209.0 million units of its securities valued at N4.8 billion. It was trailed by Niger Delta Exploration and Production (NDEP) Plc with 2.5 million units valued at N763.4 million and Friesland with 4.4 million units valued at N558.5 million.
