By Adedapo Adesanya
The Central Securities Clearing Systems (CSCS) Plc ensured that the NASD Over-the-Counter (OTC) Securities Exchange got no succour as it witnessed a continued stay in the negative territory on Tuesday, November 3.
On Monday, the unlisted securities market witnessed the presence of the bears and on Tuesday, CSCS Plc ensured that the status quo was maintained as its equities suffered a loss of 54 kobo or 3.8 per cent to settle at N13.51 per share in contrast to N14.05 per share it previously traded.
This contributed to the 0.51 per cent decline printed by the market capitalisation and NASD Unlisted Securities Index (NSI). While the market size went down N2.7 billion to N525.14 billion from N527.84 billion, the NSI fell by 3.68 points from 718.57 points to N714.89 points.
During the session, the total volume of shares transacted by investors plummeted by 63.9 per cent to 62,350 units from the 172,503 units traded at the previous trading session.
Similarly, the total value of stocks transacted by traders at the NASD Exchange fell by 87.9 per cent or N16.3 million to N2.3 million from N18.6 million recorded previously.
The number of deals executed on Tuesday was not spared as traders carried out three deals in the session in contrast to the four deals that occurred on Monday, indicating a drop by 25 per cent or one deal.
Business Post gathered that these deals were executed on shares of two companies led by the day’s single decliner, CSCS Plc, which recorded two deals while the remaining one was executed by FrieslandCampina WAMCO Nigeria Plc.
ARM Life Plc remained as the company with the highest number of traded securities on a year-to-date basis. The insurer has traded 7.4 billion units of its shares worth N4.6 billion.
CSCS Plc was in second place with 203.5 million units worth N2.7 billion, while Food Concepts Plc held the third position with 128.1 million units of its shares worth N90.2 million.
Equally, ARM Life Plc remained as the most traded stock by value (year-to-date) with 7.4 billion units valued at N4.6 billion, while Niger Delta Exploration and Production (NDEP) Plc followed for trading 10.4 million units worth N3.2 billion, with CSCS Plc in the third spot for transacting 203.5 million units valued at N2.7 billion.
Modupe Gbadeyanka