CSCS Pushes NASD OTC Exchange to Danger Zone by 0.01%

By Adedapo Adesanya

Central Securities Clearing System (CSCS) Plc halted the back-to-back stalemates at the NASD Over-the-Counter (OTC) Securities Exchange but dragged it into the red by 0.01 per cent up on Thursday, October 20.

The performance of the stock shrank the market capitalisation of the bourse by N50 million to close at N961.89 billion compared with the N961.94 billion it quoted at the previous session.

Also, the NASD Unlisted Securities Index (NSI) dropped 0.o4 basis points to end the day at 730.69 points as against the 730.73 points it recorded at the previous session.

CSCS Plc made a 1 Kobo loss to sell at N13.99 per share compared to the N14.00 per share it closed a day earlier.

During the session, the volume of securities traded at the bourse went down by 70.3 per cent to 119,374 units from the 401,878 units transacted on Wednesday.

Similarly, the value of shares traded by the market participants depreciated by 43.3 per cent to N6.7 million from the N11.8 million transacted in the previous trading day.

These trades were carried out in 11 deals, the same number of deals executed in the midweek session.

The NASD OTC Exchange ended the trading session with no price gainer.

AG Mortgage Bank Plc remained the most traded stock by volume on a year-to-date basis, with the sale of 2.3 billion units worth N1.2 billion, CSCS Plc also retained the second spot with the sale of 687.8 million units valued at N14.3 billion, while Mixta Real Estate Plc was in third place for trading 178.1 million units valued at N313.4 million.

Also, CSCS Plc maintained its position as the most active stock by value on a year-to-date basis with a turnover of 687.8 million units valued at N14.3 billion, VFD Group Plc was in second place with 29.1 million units worth N7.7 billion, while FrieslandCampina WAMCO Nigeria Plc retained the third place with the sale of 14.5 million units valued at N1.7 billion.