CSCS, Others Lift Unlisted Securities Market by 0.7%

May 9, 2023

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange opened the week in positive territory on Monday, May 8, as it appreciated by 0.70 per cent, driven by the upward price movements in the shares of three companies on the platform.

Central Securities Clearing System (CSCS) Plc gained N1.30 to move up to N14.50 per unit from N13.20 per unit, UBN Property Plc added 8 Kobo to its value to close at 94 Kobo per share versus 86 Kobo per share, while Afriland Properties Plc rose by 5 Kobo to close at N2.35 per share compared with last Friday’s N2.30 per share.

The gains reported by the trio lifted the total value of the unlisted securities market by N7.02 billion at the close of business to N1.011 trillion from N1.004 trillion.

In the same vein, it moved the NASD Unlisted Securities Index (NSI) higher by 5.07 points to 731.09 points from the 726.02 points it closed in the previous session.

There was a 3,906.4 per cent surge in the volume of securities traded at the bourse yesterday to 12.2 million units from the 304,237 units transacted in the previous trading day.

Similarly, the value of trades rose by 1,441.3 per cent to N13.7 million from the N891,561.70 posted last Friday, and the number of deals carried out during the session appreciated by 37.5 per cent to 11 deals from the eight deals executed in the preceding session.

Geo-Fluids Plc remained the most traded stock by volume (year-to-date) with 820.8 million units valued at N1.3 billion, Industrial and General Insurance (IGI) Plc stood in second place with 627.7 units worth N49.4 million, while UBN Property Plc was in third place with 390.9 million units valued at N332.0 million.

VFD Group Plc closed the session as the most traded stock by value (year-to-date) with 10.4 million units worth N2.4 billion, Geo-Fluids Plc followed with 820.8 million units valued at N1.3 billion, and FrieslandCampina Wamco Nigeria Plc was in third place with 5.0 million units worth N349.7 million.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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