Adedapo Adesanya
By Adedapo Adesanya
Central Securities Clearing Systems (CSCS) Plc helped the NASD Over-the-Counter (OTC) Securities Exchange maintain its positive momentum for the third straight day with a 0.41 per cent gain on Wednesday, October 11.
This increased the value of the second-tier bourse by N4.59 billion to N1.111 trillion from the N1.107 trillion it quoted at the previous session, as the NASD Unlisted Security Index (NSI) went up by 3.38 points to end the day at 819.87 points compared with the preceding day’s 816.49 points.
CSCS Plc, the sole gainer, moved its price higher by 94 Kobo to close at N19.94 per share, in contrast to Tuesday’s price of N19.00 per share.
It offset the 2 Kobo loss posted by UBN Property Plc during the midweek session. When trading activities ended for the day, the share price of the real estate firm traded at N1.45 per unit versus the preceding day’s N1.47 per unit.
Yesterday, the volume of securities traded appreciated by 87.1 per cent to 2.3 million units from the 1.2 million units transacted by market participants in the preceding session.
However, the value of shares traded yesterday declined by 71.3 per cent to N36.3 million from N126.5 million, and the number of deals slightly went down by 5.6 per cent to 17 deals from 18 deals.
Business Post reports that CSCS Plc remained the most traded stock by volume on a year-to-date basis with 1.2 billion units worth N22.2 billion, UBN Property Plc was in second place with 951.8 million units valued at N949.4 million, and Geo-Fluids Plc was in third place with 668.2 units worth N1.2 billion.
Also, CSCS Plc maintained its position as the most traded stock by value on a year-to-date basis with the sale of 1.2 billion units valued at N22.2 billion, VFD Group was in second position with 26.6 million units worth N5.9 billion, and Aradel Holdings Plc was in third place with 6.7 million units valued at N2.5 billion.
