CSCS Weak Performance Slips NASD OTC Bourse by 0.40%

November 6, 2021
NASD OTC Bourse

Adedapo Adesanya

Central Securities Clearing Systems (CSCS) recorded a weak performance at the NASD Over-the-Counter (OTC) Securities Exchange on Friday and this turned the bourse bearish by 0.40 per cent.

The share price of the Nigerian security depository company went down by 50 kobo or 2.9 per cent during the session to close at N17.00 per unit in contrast to N17.50 per unit it traded a day earlier.

Consequently, the market capitalisation of the NASD OTC bourse depleted by N2.5 billion to finish at N615.91 billion compared to N618.41 billion it closed at the preceding session.

In the same vein, the NASD Unlisted Security Index (NSI) deflated by 3.03 points to end the session at 745.49 points in contrast to 748.52 points it closed at the previous session.

During the session, the volume of stocks transacted by investors appreciated y 412.5 per cent to 2.1 million units from the earlier day’s 411,662 units, while the value of securities traded by market participants decreased by 84.1 per cent to N3.6 million from the preceding day’s N22.8 million, with the number of deals recorded at the trading session declined by 43.8 per cent to nine deals from the 16 deals carried out on Thursday at the exchange.

Food Concepts Plc remained as the most active stock by volume (year-to-date) at the bourse as it has traded 11.4 billion units of its shares for N14.4 billion. Lighthouse Financial Services Plc was the second-highest traded stock with 1.1 billion transacted for N546.2 million, while Geo Fluids Plc was in third place with 1.0 billion units worth N700.1 million.

In terms of value, Food Concepts Plc also remained as the most traded stock on a year-to-date basis with the sale of 11.4 billion units of its securities worth N14.4 billion. Nigerian Exchange (NGX) Group Plc maintained its position as second with 456.5 million units of its securities valued at N9.2 billion, followed by VFD Group Plc with 10.4 million units valued at N3.5 billion.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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