Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange returned to the bearish zone on Friday, January 21 after back-to-back stalemates as it depreciated by 0.41 per cent, driven by the negative price movement in Central Securities Clearing Systems (CSCS) Plc.
CSCS Plc closed at N19.38 per unit after moving down by 57 kobo or 2.7 per cent from its previous day’s value of N19.90.
The depreciation in this stock weakened the market capitalisation by N2.6 billion to N630.46 billion from N633.06 billion and slowed the NASD Unlisted Securities Index (NSI) by 3.07 points to wrap the session at 744.54 points compared with 747.61 points of the previous session.
However, there was a surge in the volume of securities traded at the bourse as investors exchanged 4.1 million units, 103,160 per cent higher than the 4,000 units of securities transacted a day earlier.
Likewise, the value of shares traded at the session swelled to N86.9 million, which by evaluation is 11,227.6 per cent higher than N767,100 posted on Thursday.
These transactions were carried out in eight deals, 300 per cent higher than the two deals carried out at the preceding trading session.
Business Post reports that the unlisted securities market wrapped the day without a price gainer.
At the close of trading, the most traded stock by volume on a year-to-date basis was CSCS Plc with 653.6 million units worth N13.7 billion, VFD Group Plc followed with 916,161 units valued at N331.5 million, while Friesland Campina WAMCO Nigeria Plc has traded 205,566 units of its stocks valued at N24.3 million.
Also, CSCS ended the trading session as the most traded stock by value on a year-to-date basis with the sale of 653.6 million units of its securities valued at N13.7 billion, followed by VFD Group Plc with a turnover of 916,161 units worth N331.5 million, while Friesland Campina WAMCO Nigeria Plc has transacted 205,566 units of its stocks valued at N24.3 million.
