Adedapo Adesanya
By Adedapo Adesanya
The last trading session in January 2022 on the floor of the NASD Over-the-Counter (OTC) Securities Exchange ended in the danger zone on Monday, with NASD Plc and Central Securities Clearing Systems (CSCS) Plc contributing to the 0.24 per cent loss posted during the session.
The duo weakened the market capitalisation of unlisted stocks on the platform by N1.51 billion to N630.04 billion from N631.55 billion of the previous trading day.
In the same vein, this caused the NASD Unlisted Securities Index (NSI) to lose 1.78 basis points as it finished the day at 744.04 points as against 736.53 points it recorded at the previous session.
During the session, NASD Plc suffered a decline of N1.48 or 11.0 per cent to close at N13.42 per unit compared with the preceding session’s N14.90 per unit.
On its part, CSCS Plc depreciated by 17 kobo or 0.9 per cent to sell at N13.42 per share compared with N14.90 per share it closed last Friday.
It was observed that the market did not record a price gainer on Monday.
In terms of the activity level, the volume of securities traded at the bourse went down yesterday by 1.7 per cent as investors exchanged 1.2 million units of shares at the close of business in contrast to the 1.3 million units of shares transacted at the preceding session.
In the same pattern, there was a decline in the value of shares traded by 85.9 per cent as stocks worth N4.3 million exchanged hands compared with the previous N30.4 million.
These transactions were carried out in six deals as against the 12 deals carried out last Friday, indicating a decline of 50 per cent.
CSCS Plc ended the day as the most traded security by volume on a year-to-date basis with 653.8 million units sold for N13.7 billion. NASD Plc followed with 2.7 million units sold for N46.7 million, while Foot Concepts Plc occupied third place with 2.0 million units sold for N1.6 million.
CSCS Plc was also the most traded stock by value on a year-to-date basis with a turnover of 653.8 million units worth N13.7 billion, followed by VFD Group Plc with 916,161 units valued at N331.5 million, and NDEP Plc with 269,523 units traded for N63.5 million.
