NASD, CSCS Lift Unlisted Securities Exchange by 0.07% 

June 29, 2022
NASD Unlisted Securities Index

By Adedapo Adesanya

The duo of NASD Plc and Central Securities Clearing System (CSCS) Plc tugged the NASD Over-the-Counter (OTC) Securities Exchange to the positive territory on Tuesday, June 28 by 0.07 per cent.

Shares of NASD Plc appreciated by N1.32 or 9.65 per cent to close at N15.00 per unit compared to N13.68 per unit of the previous session as its cousin, CSCS Plc, rose by 2 Kobo to trade at N14.40 per unit as against N14.38 per unit of Monday’s session.

At the end of the day’s trading, the NASD Unlisted Securities Index (NSI) gained 0.56 points to settle at 762.62 points in contrast to the previous day’s 762.06 points, while the market capitalisation increased by N750 million to N1.004 trillion from N1.003 trillion.

However, the volume of shares transacted during the session depreciated by 86.2 per cent to 89,440 units from 647,785 units, the value of transactions went down by 67.7 per cent to N1.8 million from N5.6 million, while the number of deals increased by 37.5 per cent to 11 deals from eight deals.

AG Mortgage Bank Plc finished the trading day as the most traded stock by volume on a year-to-date basis with the sale of 2.3 billion units worth N1.2 billion, CSCS Plc also retained the second spot with the sale of 674.4 million units valued at N14.1 billion, while Food Concepts Plc was in third place for trading 146.5 million units valued at N127.2 million.

CSCS Plc maintained its position as the most active stock by value on a year-to-date basis with a turnover of 674.4 million units valued at N14.1 billion, VFD Group Plc was in second place with 10.9 million units worth N3.2 billion, while FrieslandCampina WAMCO Nigeria Plc retained the third place with the sale of 9.7 million units valued at N1.2 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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