Unlisted Securities Begin November With 0.19% Rise

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By Adedapo Adesanya

The first trading session on the floor of the NASD Over-the-Counter (OTC) Securities Exchange in November 2021 closed on a positive note on Monday.

This was influenced by the rise in the share price of Central Securities Clearing Systems (CSCS) Plc as the Nigerian security depository company gained 23 kobo or 1.3 per cent to close the session at N17.45 per share in contrast to N17.22 per share that the company’s stocks closed last Friday.

As a result, the market capitalisation of the bourse increased by N1.15 billion to close the day at N618.19 billion compared with the preceding session’s N617.04 billion.

In the same vein, the NASD Unlisted Security Index (NSI) expanded during the session by 1.4 points to wrap the day at 748.26 points as against 746.86 points it finished at the previous session.

At the market yesterday, the total volume of unlisted securities transacted by investors witnessed a decline by 60.8 per cent. This was because market participants traded 541,040 units during the trading day in contrast to the 1.4 million units traded last Friday.

Similarly, the value of shares exchanged at the bourse on Monday went down by 89.8 per cent to N9.7 million from the preceding day’s N94.9 million, while the number of deals depreciated by 68 per cent to eight deals from the 25 deals carried out at the previous session.

Food Concepts Plc closed the day as the top company that has traded the highest volume of shares on a year-to-date basis with the sale of 11.4 billion units worth N14.4 billion. It was followed by Lighthouse Financial Services Plc with the sale of 1.1 billion units valued at N546.1 million, and Geo Fluids Plc with the sale of 1.0 billion units worth N700 million.

In terms of value, Food Concepts Plc also topped the chart for transacting 11.4 billion units of its securities worth N14.4 billion. The second spot was picked by Nigerian Exchange (NGX) Group Plc for selling 456.4 million units worth N9.2 billion, while VFD Group Plc was third with 10.4 million units valued at N3.5 billion.

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