CSCS, Two Others Lifts Unlisted Securities Trading Platform by 0.47%

By Adedapo Adesanya

The unlisted securities trading platform in Nigeria, the NASD Over-the-Counter (OTC) Securities Exchange, appreciated by 0.47 per cent on Monday, which was also the first trading session of April 2023.

The growth witnessed by the alternative bourse was triggered by the trio of Niger Delta Exploration and Production (NDEP) Plc, Central Securities Clearing System (CSCS) Plc, and FrieslandCampina Wamco Nigeria Plc.

NDEP Plc gained N10.00 during the session to trade at N215.00 per share versus last Friday’s N205.00 per share, CSCS Plc rose by 49 Kobo to N15.35 per unit from N14.86 per unit, while FrieslandCampina improved by 28 Kobo to N80.37 per share from N80.09 per share.

These stocks, in the absence of any price decliner, pushed the market capitalisation of the NASD exchange higher by N4.81 billion to N1.030 trillion from N1.025 billion, while the NASD Unlisted Securities Index (NSI) went up by 3.47 points to wrap the session at 744.51 points compared with 741.04 points in the previous session.

However, the activity level shrank yesterday as the volume of securities depleted by 99.9 per cent to 220,795 units from the 318.5 million units achieved a day earlier, while the value of shares traded at the session decreased by 98.6 per cent to N19.1 million from the N31.3 million posted last Friday, with the number of deals depreciating by 47.2 per cent to 19 deals from the 36 deals executed in the preceding trading session.

When the market finished for the day, Geo-Fluids Plc was the most traded stock by volume (year-to-date) with 801.1 million units worth N1.2 billion, UBN Property Plc followed with 365.8 units valued at N309.5 million, and Industrial and General Insurance (IGI) Plc was in third place with 91.2 million units worth N6.7 million.

The most traded stock by value (year-to-date) was still VFD Group Plc with 10.4 million units valued at N2.4 billion, Geo-Fluids Plc was second with 801.1 million units worth N1.2 billion, and UBN Property Plc was in third place with 365.8 million units valued at N309.5 million.