NASD Unlisted Securities Index Closes Flat at 692.24 Points

December 8, 2019
NASD Unlisted Securities Index

By Adedapo Adesanya 

The unlisted securities market in Nigeria closed flat on Friday December 6, 2019, with the two major market pointers remaining at their previous levels.

Business Post reports that the NASD Unlisted Securities Index (NSI) stood static at 692.24 points, while the market capitalization remained unchanged at N497.33 billion.

Despite this development, the total volume of shares transacted on the floor of the NASD Over-the-Counter (OTC) Securities Exchange increased by 26.6 percent to 101,900 units from 80,507 units.

In the same vein, the total value of the trades improved during the day by 85.3 percent as securities worth N29.0 million exchanged hands in contrast to N15.7 million worth of shares transacted on Thursday.

However, the total number of deals executed by investors at Friday’s trading session depreciated by 41.7 percent as only 7 deals were recorded compared with 12 deals of the previous day.

It was observed that when market closed, share prices of stocks on the exchange remained at their previous levels as there were neither any price gainer nor price loser.

The week ended with Food Concept Plc still holding the market’s most traded equity position by volume (year to date) with 1,158,828,284 units sold for N844.0 billion, while UBN Properties followed with 921,841,397 units worth N1.24 billion.

But when the chart is view by value (year-to-date), Central Securities Clearing System (CSCS) Plc is first on the table with 202,272,698 units worth N2.53 billion. The second position is occupied by UBN Properties with 884,529,600 units of its securities sold for N1.2 billion.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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