CSCS, UBN Property Pull Unlisted Stocks Down by 0.14%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange returned to the bearish zone on Thursday, December 29 as it depreciated 0.14 per cent.

This was driven by the negative price movements from two companies, which outweighed the single price gainer recorded during the session.

Central Securities Clearing System (CSCS) Plc lost 47 Kobo yesterday to settle at N12.00 per unit, in contrast to the previous day’s N12.47 per unit, as UBN Property Plc depreciated by 4 Kobo to trade at 73 Kobo per unit compared with Wednesday’s price of 77 Kobo per unit.

The only price gainer for the trading session was Niger Delta Exploration and Production (NDEP) Plc, which improved by N6.88 to close at N186.88 per share, in contrast to the midweek session’s N180.00 per share.

At the end of the day, the market capitalisation of unlisted stocks went down by N1.33 billion to N927.26 billion from N928.59 billion, and the NASD Unlisted Securities Index (NSI) crashed by 1.01 points to wrap the session at 705.67 points compared with 706.68 points in the previous session.

On the activity chart, the volume of transactions increased by 24,163.96 per cent as investors traded 43.4 million units compared with the preceding day’s 178,685 units.

Likewise, the value of shares traded at the session ballooned by 185.8 per cent to N33.9 million from N11.9 million, while the number of deals depleted by 21.4 per cent to 11 deals from Wednesday’s 14 deals.

AG Mortgage Bank Plc remained the most traded stock by volume with 2.3 billion units valued at N1.2 billion, CSCS Plc stood in second place with 688.5 million units valued at N14.3 billion, while Lighthouse Financials Services Plc was in third place with 224.7 million units valued at N112.3 million.

In the same vein, the security with the highest value of transactions was still CSCS Plc with the sale of 688.5 million units worth N14.3 billion, VFD Group Plc was in second place with 29.1 billion units valued at N7.7 billion, while FrieslandCampina WAMCO Plc was in third place for selling 18.4 million units valued at N2.0 billion.