By Adedapo Adesanya
NASD Plc and Central Securities Clearing Systems (CSCS) Plc were responsible for a 0.09 per cent loss posted at the NASD Over-the-Counter (OTC) Securities Exchange on Monday.
The loss printed at the end of the second month of this year pinned the unlisted securities market in the negative territory amid low investors morale, especially with attention now on the main exchange, which has a lot of dividend-paying stocks.
During the trading session, the market capitalisation of the bourse depreciated by N570 million to N618.66 billion from N618.66 billion, while the NASD Unlisted Securities Index (NSI) lost 0.68 basis points to end the day at 729.93 points as against 730.61 points it recorded at the previous session.
Analysis showed that NASD Plc made a 51 kobo or 6.0 per cent decline yesterday to sell for N8.50 per unit compared with N9.01 per unit it ended last Friday, while CSCS Plc fell by 7 kobo or 0.4 per cent to sell at N18.13 per share compared to N18.20 per share of the preceding session.
Business Post reports that the market was without a price advancer, but the volume of securities traded at the bourse by investors increased by 147.4 per cent to 117,850 units from 47,627 units, while the value of transactions declined by 34.5 per cent to N1.9 million from N2.9 million, with the number of deals reducing by 22.2 per cent to seven deals as against the nine deals carried out when the market last opened for trading.
When trading activities were wrapped up for the session, CSCS Plc maintained its position as the most traded security by volume on a year-to-date basis with a total of 656.3 million units sold for N13.8 billion. NASD Plc came next with 21.6 million units valued at N212.8 million, while Food Concepts Plc came in third place with 4.0 million units worth N3.2 million.
Also, CSCS Plc was the most active stock by value on a year-to-date basis with a turnover of 656.3 million units worth N13.8 billion, followed by VFD Group Plc with 916,161 units worth N331.5 million, and FrieslandCampina WAMCO Nigeria Plc with 2.1 million units traded for N258.0 million.
Dipo Olowookere