Adedapo Adesanya
By Adedapo Adesanya
On Friday, the unlisted securities market in Nigeria grew by 0.18 per cent after the Central Securities Clearing Systems (CSCS) Plc prevented what could have been a fifth consecutive loss at the market.
The Nigerian securities depository company put an end to the reigns of the bears at the NASD Over-the-Counter (OTC) Securities Exchange when its value rose marginally by one kobo or 0.06 per cent to finish at N18 per unit compared to the previous session’s N17.99 per unit.
This expanded the bourse’s market capitalisation by N950 million to N530.40 billion from N529.45 billion and raised the NASD Unlisted Securities Index (NSI) by 1.34 points to 746.19 points from 744.85 points.
During the session, Nigerian Exchange (NGX) Group Plc recorded a decline in its value by 91 kobo or 4.6 per cent to close at N19.89 per share in contrast to N20.80 per share of the preceding session.
As regards the trading activities, the exchange saw an increase in the volume of transactions by 1,320.2 per cent to 3.7 million units from 260,952 units recorded in the previous session.
Also, the value of transactions rose on Friday by 365.5 per cent to N74.2 million from N15.9 million, while the number of deals executed remained flat at 29 deals.
A the close of business, NGX Group was the company with the highest volume of traded securities (year-to-date) with 260.7 million units worth N5.9 billion. The second place was occupied by Swap Technologies and Telecomms Plc for trading 46.6 million units worth N41 million, while CSCS Plc held the third position with 29.9 million units of its shares worth N466.9 million.
In the same vein, NGX Group was the company with the highest value of shares on a year-to-date basis for transacting 260.7 million units of its securities valued at N5.9 billion. It is followed by NDEP Plc with 2.9 million units valued at N900.5 million while FrieslandCampina WAMCO Plc has transacted 5.9 million units valued at N750.4 million.
