Unlisted Securities End in Stalemate Despite NASD Plc Gain

February 19, 2022
unlisted securities exchange

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed the final trading session of this week in a stalemate despite a stock on the platform recording growth on Friday.

Business Post reports that the share price of NASD Plc appreciated by 0.2 per cent or 2 kobo yesterday to settle at N8.50 per unit as against N8.48 per unit it ended at the previous session.

But this gain did not have a positive effect on the unlisted securities market as the main performance indicators remained unchanged at the close of transactions.

The market capitalisation of the NASD OTC Exchange retained the previous value of N622.05 billion, while the NASD Unlisted Securities Index (NSI) remained unchanged at 734.81 points.

However, the activity chart witnesses some movements on Friday, with the trading volume depreciating by 6.5 per cent as investors traded a total of 502,795 units of securities in contrast to the 537,910 units of securities transacted at the preceding session.

Similarly, the value of shares exchanged by the market participants depreciated by 38.6 per cent as securities worth N4.6 million exchanged hands yesterday in contrast to the securities worth N7.4 million recorded at the previous session.

But the total number of deals carried out during the trading session remained flat as these transactions were executed in four transactions, the same number of deals achieved a day earlier.

Central Securities Clearing Systems (CSCS) Plc remained as the most traded security by volume on a year-to-date basis with 654.7 million units sold for N13.8 billion, NASD Plc came next with 6.4 million units valued at N79.7 million, while Food Concepts Plc occupied the third position with 3.0 million units worth N2.4 million.

Also, CSCS Plc ended the day as the most traded security by value on a year-to-date basis with 654.7 million units worth N13.8 billion, followed by VFD Group Plc with 916,161 units worth N331.5 million, and FrieslandCampina WAMCO Plc with 2.0 million units traded for N245.3 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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