NASD Securities Exchange Closes Lower by 0.05%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed lower by 0.05 per cent on Friday, October 28, with the price of Central Securities Clearing System (CSCS) Plc going downwards by 10 Kobo to close at N13.90 per unit compared with the preceding session’s N14.00 per unit.

This reduced the market capitalisation of the NASD securities exchange by N500 million to close at N950.66 billion as against the previous value of N951.16 billion, with the NASD Unlisted Securities Index (NSI) falling by 0.38 points to wrap up at 722.16 points versus Thursday’s 722.54 points.

At the market yesterday, there was a reduction in the volume, value and number of securities transacted by investors during the trading session.

According to data from the NASD OTC exchange, the volume of unlisted securities traded by market participants stood at 9,856 units, in contrast to the 196,500 units of securities transacted at the preceding session, indicating a slide of 94.9 per cent.

Equally, the value of shares exchanged by investors depreciated by 97.7 per cent to N317,428 from N13.7 million recorded at the previous session.

The total number of deals executed at the bourse yesterday showed that investors partook in four deals, which is 33.3 per cent lesser than the six deals recorded a day earlier.

At the close of business, AG Mortgage Bank Plc remained the most traded stock by volume on a year-to-date basis with the sale of 2.3 billion units worth N1.2 billion, CSCS Plc also retained the second spot with the sale of 687.8 million units valued at N14.3 billion, while Mixta Real Estate Plc was in third place for trading 178.1 million units valued at N313.4 million.

Also, CSCS Plc maintained its position as the most active stock by value on a year-to-date basis with a turnover of 687.8 million units valued at N14.3 billion, VFD Group Plc was in second place with 29.1 million units worth N7.7 billion, while FrieslandCampina WAMCO Nigeria Plc retained the third place with the sale of 15.0 million units valued at N1.8 billion.