Domestic Unlisted Stocks Finish Stronger by 0.05%

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By Adedapo Adesanya

The second trading session of the week on the floor of the NASD Over-the-Counter (OTC) finished on a positive note on Tuesday as traders prepare for the Sallah holidays this weekend.

Business Post reports that the domestic unlisted stocks closed higher by 0.05 per cent yesterday amid renewed interest in the market, which suffered a 0.07 per cent loss the previous session.

The Niger Delta Exploration and Production (NDEP) Plc and CitiTrust Holdings Plc were responsible for the upward movement during the session, weakening the losses printed by Nipco Plc, FrieslandCampina Wamco Nigeria Plc, and Central Securities Clearing System (CSCS) Plc.

NDEP Plc appreciated on Tuesday by N7 to settle at N217.00 per unit compared with Monday’s N210.00 per unit, while CititTrust Plc grew by 65 Kobo to sell at N7.50 per share in contrast to the previous day’s N6.85 per share.

However, Nipco Plc lost N1.85 to trade at N58.85 per unit versus the preceding day’s N57.00 per unit, FrieslandCampina Plc decreased by 27 Kobo to N101.73 per share from N102.00 per share as CSCS Plc lost 10 Kobo to end the session at N14.30 per unit versus N14.40 per unit.

During the session, the market capitalisation expanded by N550 million to N1.019 trillion from N1.018 trillion as the NASD Unlisted Securities Index (NSI) increased by 0.42 points to 773.89 points from 773.47 points.

The trading volume yesterday was 535,515 units, 4,904.8 per cent higher than the 10,700 units achieved on Monday, the value of shares traded yesterday rose by 5,979.1 per cent to N33.4 million from N548,900, while the number of deals went up by 800 per cent to 27 deals from 10 deals.

AG Mortgage Bank Plc remained the most traded stock by volume (year-to-date) with 2.3 billion units worth N1.2 billion, CSCS Plc stood in second place with 674.4 million units valued at N14.1 billion, while Food Concepts Plc was in third place with 146.5 million units valued at N127.1 million.

CSCS Plc, with 674.4 million units exchanged for N14.1 billion, was the most traded by value (year-to-date), followed by VFD Group Plc with 10.9 million units valued at N3.2 billion, and FrieslandCampina Plc with 9.7 million units valued at N1.3 billion.

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