NASD, CSCS Lift Unlisted Securities Market by 1.01%
By Adedapo Adesanya
NASD Plc and Central Securities Clearing Systems (CSCS) Plc championed the return of the NASD Over-the-Counter (OTC) Securities Exchange into the bullish territory after two straight sessions in red with a growth of 1.01 per cent on Thursday, October 28.
The duo lifted the total value of stocks at the unlisted securities market yesterday by N6.16 million to N614.67 billion from N608.51 billion and increased the NASD Unlisted Security Index (NSI) by 7.46 points to 743.99 points from Wednesday’s 736.53 points.
At the session, the share price of NASD Plc grew by N1.27 or 7.3 per cent to settle at N17.50 per unit as against the preceding day’s N16.23 per unit, while the value of CSCS Plc rose by N1.20 or 6.7 per cent to sell at N17.90 per share compared to N16.70 per unit it traded a day earlier.
Just as there were two price gainers, there were also two price losers led by Niger Delta Exploration and Production (NDEP) Plc, which fell by N1.98 or 0.87 per cent to close at N226.51 per unit in contrast to N228.49 per unit it finished on Wednesday, while Afriland Property Plc went down by 3 kobo or 2.63 per cent to end at N1.11 per share versus N1.14 per share it traded at the midweek session.
Yesterday, the volume of securities traded at the bourse decreased by 54.1 per cent as investors exchanged 116,046 units of securities compared with the 252,778 units of securities transacted at the preceding session.
However, the value of shares traded by investors increased by 86.8 per cent to N8.3 million from N4.4 million, while the number of deals appreciated by 10.0 per cent to 11 deals from 10 deals.
Food Concepts Plc remained as the most traded stock by volume on a year-to-date basis with 11.4 billion units worth N14.4 billion, trailed by Lighthouse Financial Services Plc with 1.1 billion units valued at N546.1 million, and Geo Fluids Plc with 1.0 billion units worth N700.1 million.
By value, Food Concepts Plc also topped the chart with 11.4 billion units traded for N14.4 billion, followed by Nigerian Exchange (NGX) Group Plc with 456.5 million units worth N9.2 billion, and VFD Group Plc with 10.4 million units valued at N3.5 billion.