CSCS Stocks Buoy Unlisted Securities Market by 1.42% 

February 6, 2021
CSCS Stocks

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.42 appreciation on Friday on the back of a positive price movement in the shares of Central Securities Clearing Systems (CSCS) Plc.

The share price of the company gained N1.46 or 9.9 per cent to close the session at N16.18 per unit in contrast to N14.72 per share of the previous session.

This increased the NASD Unlisted Securities Index (NSI) by 10.17 points to 725.29 points from 715.12 points and expanded the market capitalisation by N7.3 billion to N520.41 billion from N513.11 billion.

Business Post gathered that a total of 19,070 units of shares were transacted at the NASD OTC market on Friday, 5.1 per cent lower than the preceding session’s 20,092 units.

These trades were carried out in four deals, 60 per cent lower than the previous day’s 10 deals and the day’s deals were on FrieslandCampina WAMCO Nigeria Plc, which accounted for three deals and CSCS Plc, which accounted for one deal.

The transactions were worth N1.1 million, 57.3 per cent lower than the N2.5 million executed on Thursday.

At the close of business, UBN Property Plc remained the most active stock by volume (year-to-date) for trading 15.1 million units of its shares for N16.3 million. CSCS Plc was in second place with 2.4 million units worth N30.7 million, while FrieslandCampina held the third position with 1.9 million units of its shares worth N230.5 million.

In terms of value on a year-to-date basis, FrieslandCampina occupied the first position with the sale of 1.9 million units of its securities for N230.5 million. Niger Delta Exploration and Production (NDEP) Plc remained in the second spot with 279,756 units of its securities valued at N96.8 billion, followed by CSCS Plc with 2.4 million units valued at N30.7 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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