Investors Trade One Billion Unlisted Securities in One Day

July 3, 2021
unlisted securities index

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange was busy on Friday and this was because the trading volume astronomically increased.

Data obtained by Business Post showed that investors traded 1.0 billion securities during the last trading session of the week.

When compared with the preceding day, it was 30,401.6 per cent higher than the 3.3 million securities transacted on Thursday.

This high volume of stocks transacted at the unlisted securities market yesterday was from Geo-Fluids Plc and it was executed in one single deal.

A total of 18 deals were recorded during the trading day, with Nigerian Exchange (NGX) Group Plc accounting for eight deals, Central Securities Clearing Systems (CSCS) Plc made five deals, while FrieslandCampina WAMCO Nigeria Plc recorded four deals.

At the close of transactions, the value of the shares rose by 723.6 per cent to N706.3 million from N35.7 million recorded at the previous session.

However, these trades did not affect the general outcome of the market as the key performance indicators closed flat on Friday.

As a result, the market capitalisation of the exchange remained unchanged at N535.78 billion while the NASD Unlisted Security Index (NSI) remained static at 753.76 points.

But the market closed with price gainers and a price loser with NGX Group Plc adding 71 kobo to its share value to finish N17.99 per share as against N17.28 per share of the previous session. CSCS Plc grew by 21 kobo to close at N18.55 per unit compared with the previous N18.34 per unit.

On the flip side, Friesland lost N1.10 to end the week at N118.90 per share in contrast to N120 per share it finished at the preceding session.

Geo Fluids Plc became the most active stock by volume (year-to-date) for trading 1.0 billion units of its shares for N700.1 million. NGX Group Plc slipped into the second spot with 301.3 million units valued at N6.7 billion, while Swap Technologies & Telecomms Plc moved to third place with 46.6 million units worth N41.0 million.

However, NGX Group retained its top spot as the most active stock by value (year-to-date) with 301.3 million units traded for N6.7 billion. Niger Delta Exploration and Production (NDEP) Plc remained in the second spot with 3.1 million units of its securities valued at N952.3 million, followed by Friesland with 6.1 million units valued at N768.8 million.

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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