Adedapo Adesanya
By Adedapo Adesanya
Unlisted securities in Nigeria closed bullish on Monday after the NASD Over-the-Counter (OTC) Securities Exchange grew by 0.02 per cent when trading activities were brought to an end.
Business Post reports that the growth recorded during the session was inspired by the improvement in the value of the shares of FrieslandCampina WAMCO Nigeria Plc.
The share price of the company increased by 9 Kobo or 0.14 per cent yesterday to close at N66.00 per unit compared with the preceding trading day’s value of N65.91 per unit.
This jerked the market capitalisation of the bourse higher by N200 million at the close of business on Monday to N930.94 billion from the N930.74 billion it closed last Friday.
In the same vein, the NASD Unlisted Securities Index (NSI) increased by 0.17 points at the close of trades to settle at 708.47 points, in contrast to the preceding session’s 708.32 points.
It was observed that despite the gains, the activity chart was in red as the volume of securities traded during the session went down by 99.0 per cent as investors exchanged 50,460 units versus the 5.1 million units traded in the preceding session.
There was also a slump in the value of shares traded yesterday by 63.7 per cent to N3.3 million from N9.2 million, as the number of deals depreciated by 33.3 per cent to six deals from the nine deals executed last Friday.
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. Central Securities Clearing System (CSCS) Plc was in second place with 688.1 million units worth N14.3 billion, while Lighthouse Financial Services Plc was in third place with 224.7 million units valued at N112.3 million.
Further, CSCS Plc maintained its spot as the most traded stock by value (year-to-date) with 688.1 million units exchanged for N14.3 billion, followed by VFD Group Plc with 29.1 million units worth N7.7 billion, and FrieslandCampina WAMCO Nigeria Plc with 18.2 million units valued at N2.0 billion.
