Nigerian Unlisted Securities Gain 0.38%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange opened the week in positive territory as it rose by 0.38 per cent on Monday, August 14, increasing the market capitalisation by N4.13 billion to N1.094 trillion from the N1.090 trillion it finished last Friday.

Similarly, the NASD Unlisted Securities Index (NSI) appreciated during the session by 2.98 points to end the day at 791.05 points as against the 788.07 points it finished in the previous session.

FrieslandCampina Wamco Plc improved its value by N1.94 to close at N75.94 per unit compared with last Friday’s value of N74.00 per unit, Food Concepts Plc gained 9 Kobo to finish at 99 Kobo per share versus 90 Kobo per share, and UBN Property Plc grew by 8 Kobo to end at N1.18 per share versus N1.10 per share.

However, Central Securities Clearing System (CSCS) Plc lost 50 Kobo to settle at N17.50 per share compared with the previous trading session’s N18.00 per share.

There was a 29,763.4 per cent jump in the volume of securities traded during the session as investors exchanged 23.7 million units compared with the previous trading session’s 79,287 units, the value of shares traded at the bourse increased by 537.9 per cent to N195.1 million from N30.6 million, and the number of deals surged by 158.3 per cent to 31 deals from 12 deals.

The most traded stock by volume on a year-to-date basis was CSCS Plc with the sale of 1.1 billion units worth N21.4 billion, followed by Geo-Fluids with a turnover of 631.0 units valued at N1.1 billion, and Industrial and General Insurance (IGI) Plc was in third place with 623.8 million units valued at N49.7 million.

CSCS Plc also closed the trading session as the most traded stock by value (year-to-date) with 1.1 billion units worth N21.4 billion, trailed by VFD Group with 26.4 million units valued at N5.9 billion, and FrieslandCampina Wamco Plc with 18.7 million units worth N1.3 billion.