Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange ended the last trading day of the week in the positive territory with a 1.3 per cent growth.
This bullish outcome was propelled by the positive price movement in the shares of Central Securities Clearing Systems (CSCS) Plc, one of the bourse’s bellwethers.
During the trading session, the Nigerian security depository company was the lone price mover, going up by N1.40 or 10 per cent to settle at N15.40 per share in contrast to N14 per unit it closed at the previous session.
This extended the stay of the bulls at the unlisted securities market as the NASD market capitalisation rose by N7 billion to close at N545.41 billion compared with N538.41 billion it quoted on Thursday.
Likewise, the NASD Unlisted Security Index (NSI) appreciated by 9.35 points to settle at 733.77 points as against 724.35 points recorded at the previous session.
The level of activity, however, decreased as the total number of shares transacted by investors fell by 97.2 per cent to 17,080 units from 598,264 units of shares exchanged the previous day.
Following the same pattern was the total value of shares transacted by traders as this dropped by 90.5 per cent to N1.02 million from N10.7 million.
Furthermore, the number of deals carried out during the session by market participants went down by 62.50 per cent or five deals to three deals from the eight deals achieved on Thursday.
A breakdown showed that the deals were carried out on CSCS Plc, which accounted for one deal, and FrieslandCampina WAMCO Nigeria Plc, which accounted for two deals.
The chart also showed that ARM Life Plc remained the highest traded stock by value (year-to-date) with 7.4 billion units worth N4.6 billion. It was trailed by the Niger Delta Exploration and Production (NDEP) Plc with 11.9 million units valued at N3.7 billion and CSCS Plc with 208.5 million units valued at N2.8 billion.
ARM Life Plc was also the most active stock by volume (year-to-date) for transacting 7.4 billion units worth N4.6 billion, while CSCS Plc has exchanged 208.5 million units worth N2.8 billion, with Food Concepts Plc trading 152.1 million units worth N109.4 million.
