Adedapo Adesanya
By Adedapo Adesanya
Central Securities Clearing Systems (CSCS) Plc dampened the mood at the NASD Over-the-Counter (OTC) Securities Exchange on Wednesday after it caused a 0.39 per cent loss.
This led to the N2.38 billion loss suffered by NASD investors at the close of business yesterday and depleted the market capitalisation to N602.50 billion from N604.88 billion.
In the same vein, the NASD Unlisted Security Index (NSI) decreased by 2.89 points to wrap the session at 729.26 points compared with 732.15 points recorded at the previous session.
During the midweek session, the stock price of CSCS Plc depreciated by 75 kobo or 4.2 per cent to finish at N17 per unit in contrast to the previous closing price of N17.75 per unit.
The market recorded a price gainer on Wednesday and this was Niger Delta Exploration and Production (NDEP) Plc, which appreciated by N7.54 to settle at N235.54 per unit as against N228.00 per unit it closed on Tuesday.
A look at the level of activity showed that the volume of shares transacted by investors went up by 38,550 per cent to 773,000 units from 2,000 units traded at the preceding session.
Also, the value of shares surged by 788,310.3 per cent to N30.7 million from Tuesday’s N3,900, while the number of deals increased by 800 per cent to nine deals from one deal of the preceding day.
At the close of transactions, Food Concepts Plc remained as the most traded stock by volume on a year-to-day basis with a turnover of 11.4 billion units of its shares worth N14.4 billion. Lighthouse Financial Services Plc traded 1.1 billion units worth N546.32 million to occupy the second spot, while Geo Fluids Plc, which claimed the third place, has traded 1.0 billion units worth N700.1 million.
By value on a year-to-date basis, Food Concepts Plc was also on top of the chart with the sale of 11.4 billion units worth N14.4 billion, followed by Nigerian Exchange (NGX) Group Plc with 456.5 million units valued at N9.2 billion, and VFD Group Plc with 10.4 million units valued at N3.5 billion.
