Unlisted Equities Close Final October Session 0.04% Higher

By Adedapo Adesanya

The final trading session in October 2022 ended on a positive note at the NASD Over-the-Counter (OTC) Securities Exchange on Monday by 0.04 per cent, spurred by a positive movement in the price of NASD Plc.

Business Post reports that the company’s stock gained 72 Kobo during the session to close at N14.72 per unit versus the preceding day’s N14.00 per unit.

As a result, the market capitalisation of the unlisted equities exchange increased by N350 million to close at N951.01 billion as against the previous value of N950.66 billion and the NASD Unlisted Securities Index (NSI) added 0.27 points to close at 722.43 points versus last Friday’s 722.16 points.

At the final session for the month of October, the trading data showed that there was a rise in the volume, value, as well as the number of deals transacted by investors during the trading session.

According to data from the NASD OTC exchange, the volume of unlisted securities traded by market participants stood at 111,210 units in contrast to the 9,856 units of the preceding session, indicating a jump of 1,028.4 per cent.

Equally, the value of shares exchanged by the market participants appreciated by 2,023.1 per cent to N6.7 million from N317,427 recorded at the previous session.

The total number of deals executed at the bourse yesterday increased by 75 per cent to seven deals from the four deals published last Friday.

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. 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.

Also, 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 15.0 million units valued at N1.8 billion.