In One Week, Unlisted Securities Market Grows 0.75%

By Adedapo Adesanya

In the 26th trading week of 2022 on the floor of the NASD Over-the-Counter (OTC) Securities Exchange, the bourse witnessed an expansion of 0.75 per cent.

This was influenced by the trio of NASD Plc, Niger Delta Exploration and Production (NDEP) Plc, and FrieslandCampina Wamco Nigeria Plc.

When the unlisted securities market closed for the five-day trading week last Friday, the NASD Unlisted Securities Index (NSI) went up by 5.76 points to 774.03 points from 768.27 points, while the market capitalisation puffed up by N10 billion to N1.020 trillion from N1.010 trillion.

It was observed that NASD Plc gained 2.6 per cent in the week to close at N16.50 per share in contrast to the preceding week’s N13.68 per share. NDEP Plc rose by 6.1 per cent to N210.00 per unit from N198.oo per unit, while Frieslandcampina Wamco Plc expanded by 3.3 per cent to N102.00 per unit from the previous closing price of N98.76 per unit.

There were two price losers in the week led by Food Concepts Plc, which fell by 5.0 per cent to 95 Kobo per stock from N1.00 per share. Another price decliner was Central Securities Clearing System (CSCS) Plc, which depreciated by 2.7 per cent to N14.40 per share from N14.80 per share.

In the week, there was an 89.5 per cent decrease in the total value of transacted stocks to N33.9 million from N324.4 million, a 63.9 per cent decline in the trading volume to 942,570 units from 2.6 million units and a 1.8 per cent drop in the number of deals to 56 trades from 57 trades.

Food Concepts Plc was the most traded security by volume with 500,000 units, CSCS Plc traded 143,400 units, NASD Plc exchanged 110,000 units, NDEP Plc transacted 95,470 units, while FreislandCampina WAMCO Nigeria Plc traded 82,585 units.

But NDEP was the most traded stock by value with N19.5 million, FrieslandCampina WAMCO Nigeria Plc followed with N7.9 million, VFD Group Plc posted N2.1 million, CSCS Plc recorded N2.1 million while NASD Plc raked in N1.7 million.

In the year so far, investors have traded a total of 3.2 billion units worth N21.3 billion in 1,484 deals, while the year-to-date return is at 4.20 per cent.