NDEP Shrinks Unlisted Securities Market to N960.88bn

By Adedapo Adesanya

The total size of the NASD Over-the-Counter (OTC) Securities Exchange shrank by 0.11 per cent or N1.01 billion on Friday to N960.88 billion from the previous day’s N961.89 billion.

This contraction was influenced by the decline in the share price of Niger Delta Exploration and Production (NDEP) Plc. The company lost N5.58 to trade at N180.42 per unit compared with the previous day’s N186.00 per unit.

This also contracted the NASD Unlisted Securities Index (NSI) by 0.77 points to wrap the session at 729.92 points compared with the 730.69 points recorded in the previous session.

At the market yesterday, there was a fall in the volume of securities traded by investors by 66.5 per cent to 40,000 units from the 119,374 units traded in the preceding session.

The value of shares traded yesterday, however, rose by 8.1 per cent as investors transacted shares worth N7.2 million in contrast to the shares worth valued at N6.7 million printed on Thursday.

But the deals were carried out in eight deals compared to the 11 deals carried out a day earlier, indicating a 27.3 per cent decline

At the end of the session, there was no price gainer but 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. Central Securities Clearing System (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.

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 14.5 million units valued at N1.7 billion.