CSCS, Two Others Shrink NASD OTC Securities Exchange by 0.23%

By Adedapo Adesanya

Three price decliners brought down the NASD Over-the-Counter (OTC) Securities Exchange by 0.23 per cent on Monday, crushing the unlisted securities index (NSI) by 9.79 points to 4,240.00 points from 4,249.79 points, and shrinking the market capitalisation by N5.87 billion to N2.544 trillion from N2.550 trillion.

Data showed that Central Securities Clearing System (CSCS) Plc led the losers’ gang after it fell by N2.35 to N92.55 per unit from N94.40 per unit. Afriland Properties Plc lost 30 Kobo to close at N12.23 per share compared with the previous price of N12.53 per share, and FirstTrust Mortgage Bank Plc declined by 2 Kobo to N2.17 per unit from N2.19 per unit.

Business Post reports that there were two price risers yesterday, led by Food Concepts Plc, which gained 20 Kobo to settle at N2.20 per share versus last Friday’s N2.00 per share. Industrial and General Insurance (IGI) Plc appreciated by 7 Kobo to 82 Kobo per unit from 75 Kobo per unit.

The volume of trades for the session was down by 99.9 per cent to 1.7 million units from 1.2 billion units, the value of transactions decreased by 99.4 per cent to N18.6 million from the preceding session’s N3.3 billion, and the number of deals slumped by 22.9 per cent to 27 deals from 35 deals.