NASD, CSCS Open Week Positive at Unlisted Stock Market

By Adedapo Adesanya

NASD Plc and Central Securities Clearing Systems (CSCS) Plc championed the 0.03 per cent appreciation at the NASD Over-the-Counter (OTC) Securities Exchange recorded on Monday, October 18.

The duo increased the total value of securities at the unlisted stock market yesterday by N210 million to N617.20 billion from N616.99 billion and raised the NASD Unlisted Security Index (NSI) higher by 0.25 basis points to 747.05 points from the 746.80 points recorded at the previous session.

At the market yesterday, NASD Plcappreciated by 35 kobo or 2.8 per cent to finish the trading session by N12.35 per unit in contrast to the preceding day’s N12 per unit, while CSCS Plc grew by one kobo or 0.1 per cent to sell at N16.61 per share compared with N16.00 per share of the previous trading session.

Business Post reports that the market was without any price gainer when trading activities were rounded up on Monday.

However, the volume of shares transacted by investors increased at the close of transactions by 18.6 per cent as a total of 237,189 units of securities exchanged hands at the first trading session of the week compared with the 200,000 units of securities traded at the final session of trading last week.

Further, the value of stocks exchanged by market participants during the session went up by 109.4 per cent to N5.0 million from the previous day’s N2.4 million, while the number of deals jumped by 233.3 per cent to 10 deals from the three deals executed last Friday.

Food Concepts Plc retained its spot as the company with the highest volume of shares traded by investors on a year-to-date basis with a turnover of 11.4 billion units worth N14.4 billion. Lighthouse Financial Services Plc occupied the second spot for selling 1.1 billion units valued at N546.1 million, while Geo Fluids Plc was in third place with 1.0 billion units worth N700.1 million.

Also, Food Concepts Plc claimed the first spot as the company with the highest value of shares transacted by investors since the year started 10 months ago with the sale of 11.4 billion units worth N14.4 billion, followed by Nigerian Exchange (NGX) Group Plc with 456.5 million units traded for N9.2 billion, while VFD Group Plc has exchanged 10.4 million stocks for N3.5 billion.