NASD, CSCS Sink Unlisted Securities Exchange by 0.04%

By Adedapo Adesanya

The duo of NASD Plc and Central Securities Clearing System (CSCS) Plc sank the NASD Over-the-Counter (OTC) Securities Exchange by 0.04 per cent on Thursday, November 23.

They caused the NASD Unlisted Security Index (NSI) to lose 0.35 points at the close of transactions, ending at 845.81 basis points compared with Wednesday’s closing value of 846.16 points. Also, the market capitalisation of the exchange went down by N460 million to remain relatively flat at N1.147 trillion.

During the session, NASD Plc shed 65 Kobo to end the day at N12.65 per share versus the midweek session’s N13.30 per share, and CSCS Plc depreciated by 10 Kobo to close at N20.00 per unit, in contrast to the preceding day’s N20.10 per unit.

However, the share price of FrieslandCampina Wamco Nigeria appreciated at the close of trades yesterday by 18 Kobo to settle at N71.18 per unit compared with the previous day’s N71.00 per unit.

At the close of transactions, investors traded a total of 775,317 units of securities, in contrast to the 2,000 units of securities transacted in the preceding session, indicating a jump of 38,665.9 per cent.

Equally, the value of shares exchanged by the market participants went up by 134,675.9 per cent to N32.3 million from N24,000, and the number of deals increased by 20 per cent to 20 deals from five deals.

CSCS Plc remained the most traded stock by volume on a year-to-date basis with 1.2 billion units valued at N22.4 billion, UBN Property Plc was in second place with 1.1 billion units worth N1.1 billion, and Geo-Fluids Plc stood in third place with 7o4.2 units valued at N1.3 billion.

Also, CSCS Plc ended the day as the most traded stock by value on a year-to-date basis with 1.2 billion units sold for N22.4 billion, VFD Group followed with 26.6 million units worth N5.9 billion, and Aradel Holdings Plc was in third place with 7.8 million units valued at N3.1 billion.