NASD OTC Exchange Closes Year Bearish by 0.36%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed the year 2021 in the negative territory, driven by the downward price movement in the shares of Central Securities Clearing Systems (CSCS) Plc.
The value of the Nigerian depository company went down on Friday at the NASD OTC exchange by 46 kobo or 2.46 per cent to settle at N18.25 per share in contrast to N18.71 per share it traded at the previous session.
This decline depleted the market capitalisation of the bourse by N2.3 billion to close the day at N629.03 billion compared with N631.33 billion it ended on Thursday.
The day also saw the NASD Unlisted Security Index (NSI) go down by 2.72 points to wrap the session at 742.85 points compared with 745.57 points of the previous session.
During the trading day, the volume of shares traded by investors went down by 98.4 per cent to 785,868 units from the previous trading session’s 48.5 million units, while the value of the securities depreciated by 98.6 per cent to N14.4 million from N1.0 billion transacted on Thursday, with the number of deals going down by 28.6 per cent to 10 deals from the 14 deals carried out at the preceding session.
At the close of business, Food Concepts Plc remained as the most active stock by volume (year-to-date) as it has traded 11.4 billion units of its shares for N14.4 billion. Lighthouse Financial Services Plc was in the second position with a turnover of 1.1 billion securities valued at N546.2 million, while Geo Fluids Plc was in third place with the sale of 1.0 billion units worth N700.1 million.
In the same vein, Food Concepts Plc ended the session as the most traded stock by value (year-to-date) for selling 11.4 billion units of its securities for N14.4 billion. The now-exited Nigerian Exchange (NGX) Group Plc remained in the second spot with 456.5 million units of its securities valued at N9.2 billion, while VFD Group Plc occupied the third spot with the sale of 10.4 million units worth N3.5 billion.