Adedapo Adesanya
By Adedapo Adesanya
The unlisted securities exchange in Nigeria appreciated by 0.06 per cent on Monday, with the marginal growth triggered by a rise in the equity price of NASD Plc.
According to data obtained from the NASD Over-the-Counter (OTC) Securities Exchange, the share price of the company rose yesterday by 9.1 per cent or N1.20 to settle at N13.20 per unit compared with the previous closing price of N12.00 per unit.
This supported the increase in the market capitalisation of the bourse by N530 million as it closed yesterday at N953.15 billion in contrast to N952.62 billion it ended last Friday.
Equally, the NASD Unlisted Securities Index (NSI) increased during the session by 0.41 points to settle at 724.90 points compared with 724.49 points recorded in the previous session.
It was observed that at the market yesterday, the total value of transactions increased by 19,589.9 per cent as investors bought and sold shares worth N51.8 million, higher than the N263,200 achieved at the preceding session.
However, the volume of securities transacted by market participants reduced by 80.8 per cent to 629,350 units from the 3.3 million units recorded last Friday, while the number of deals increased by 1,200 per cent as they executed 13 deals compared to the single deal carried out at the previous session.
AG Mortgage Plc maintained its position as the most traded stock by volume on a year-to-date basis with a turnover of 2.3 billion units valued at N1.2 billion, followed by Central Securities Clearing System (CSCS) Plc with 658.9 million units valued at N13.8 billion, and NASD Plc with 42.2 million units valued at N450.7 million.
On the flip side, CSCS Plc ended the trading session as the most active stock by value on a year-to-date basis with the sale of 658.9 million units N13.8 billion, while AG Mortgage Plc was in second place for exchanging 2.3 billion units worth N1.2 billion, with NASD Plc in third place for trading 42.2 million units valued at N450.7 million.
