By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange opened the week bearish, with the major performance indicators closing in red. The bourse lost 0.59 per cent on Monday, November 4, triggered by a decline in the share price of Central Securities Clearing System (CSCS) Plc.
CSCS Plc depreciated by N1.95 during the trading day to end the session at N21.55 per unit compared with last Friday’s price of N23.50 per unit.
Consequently, the market capitalisation declined by N6.23 billion to close at N1.043 trillion compared with last Friday’s N1.049 trillion and the NASD Unlisted Security Index (NSI) recorded a slide of 17.79 points to end the day at 2,975.92 points as against 2,993.71 points it recorded at the previous session.
Business Post reports that the unlisted securities market recorded a price gainer yesterday and it was FrieslandCampina Wamco Nigeria Plc, which gained N1.80 to finish at N45.00 per share versus N43.20 per share.
The volume of securities traded at the bourse witnessed a slump of 78.0 per cent to 642,740 units from 2.9 million units, the value of securities transacted by the market participants went down by 85.8 per cent to N3.5 million from the N24.8 million achieved last Friday, and the number of deals decreased by 28.6 per cent to 10 deals from 14 deals.
At the close of business, Geo-Fluids Plc remained the most active stock by volume on a year-to-date basis with the sale of 1.6 billion units for N3.8 billion, as Okitipupa Plc occupied the second position after transacting 751.3 million units valued at N7.7 billion, and Afriland Properties Plc was in third for trading 296.6 million units worth N5.3 million.
Aradel Holdings Plc finished the session as the most active stock by value on a year-to-date basis with a turnover of 108.7 million units worth N89.2 billion, followed by Okitipupa Plc with 751.3 million units valued at N7.7 billion, and Afriland Properties Plc was in third with 296.6 million units sold for N5.3 billion.
Modupe Gbadeyanka