CSCS Opens November Bearish at Unlisted Securities Market

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.21 per cent depreciation on the first trading session of November on Tuesday.

Central Securities Clearing Systems (CSCS) Plc was the single malefactor as it declined by 40 Kobo to close the session at N13.50 per share compared with the previous day’s price of N13.90 per share.

This reduced size of the unlisted securities market by N2 billion to N949.01 billion from the N951.01 billion it closed in the preceding session, and the NASD Unlisted Securities Index (NSI) lost 1.53 points to wrap the session at 720.91 points compared with 722.43 points recorded in the previous session.

The volume of securities traded in the second session of the week depleted by 82.7 per cent to 19,250 units from the 111,210 units traded in the preceding session.

Also, there was a slump in the value of shares traded yesterday by 89.8 per cent to N686,450.00 from N6.7 million, as the number of deals went down by 43.9 per cent to four deals from seven deals executed a day earlier.

AG Mortgage Bank Plc finished the session as the most traded stock by volume on a year-to-date basis with 2.3 billion units valued at N1.2 billion, CSCS Plc stood in second place with 687.8 million worth N14.3 billion while Mixta Real Estate Plc was in third place with 178.1 million units valued at N313.4 million.

As for the most traded stock by value on a year-to-date basis, CSCS Plc was on top for selling 687.8 million units valued at N14.3 billion, VFD Group Plc trailed for exchanging 29.1 million units worth N7.7 billion, as FrieslandCampina WAMCO Nigeria Plc was in third place with 15.1 million units valued at N1.8 billion.