UBN Property Helps Unlisted Securities Up 0.01% Friday

January 14, 2023
UBN Property

By Adedapo Adesanya

UBN Property Plc bested two heavyweights to help the NASD Over-the-Counter (OTC) Securities Exchange record a marginal 0.01 per cent gain at the final session for the week on Friday, January 13.

This bolstered the market capitalisation of the bourse by N110 million yesterday to N927.53 billion from the N927.42 billion it quoted at the previous session.

Also, the NASD Unlisted Securities Index (NSI) increased by 0.08 points to end the day at 705.87 points as against the 705.79 points it recorded in the preceding trading day.

According to data from the exchange, the share price of UBN Property improved by 7 Kobo on Friday to settle at 78 Kobo per unit versus Thursday’s 71 Kobo per unit.

It wiped off the losses printed by the duo of Niger Delta Exploration and Production (NDEP) Plc and FrieslandCampina WAMCO Nigeria.

NDEP Plc depreciated during the session by 84 Kobo to close at N170.00 per share against N170.84 per share of the previous session, while FrieslandCampina lost 7 Kobo to end at N67.00 per share versus the previous session’s N67.07 per share.

There was a fall in the volume of securities traded at the bourse yesterday by 99.3 per cent to 151,264 units from 20.4 million units.

Likewise, there was a decline in the value of shares transacted by investors during the session as securities worth N7.8 million exchanged hands, 50.2 per cent lower than the N15.6 million transacted a day earlier.

However, there was an improvement in the number of trades recorded at the alternative bourse by 62.5 per cent to 13 deals from the eight deals recorded on Thursday.

The most traded stock by volume (year-to-date) was Geo Fluids Plc, trading 20.4 million units valued at N15.5 million, followed by UBN Property Plc with 6.3 million units worth N4.5 million, and FrieslandCampina Wamco Nigeria with 515,556 units valued at N34.4 million.

However, the busiest stock by value (year-to-date) was VFD Group Plc after it exchanged 417,492 units for N101.9 million, followed by FrieslandCampina Wamco Nigeria Plc with 515,556 units worth N34.4 million, and NDEP Plc with 90,850 units valued at N15.8 million.

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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