Unlisted Securities Exchange Market Down by 0.10%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange depreciated by 0.10 per cent on Thursday, April 6, after the share price of Central Securities Clearing System (CSCS) Plc went down by 21 Kobo to settle at N13.61 per unit compared with Wednesday’s closing price of N13.82 per unit.

The shaky performance of the Nigerian securities depository company sank the value of the unlisted securities market by N500 million during the session to N1.021 trillion from almost N1.021 trillion it quoted at the previous session.

Similarly, the NASD Unlisted Securities Index (NSI) trended downwards by 3.19 basis points to end the day at 762.12 basis points as against the 765.31 basis points it recorded in the preceding session.

The market did not record a price gainer yesterday, but the volume of transactions surged by 300,607.3 per cent due to the sale of 14.2 million units of securities compared with the 4,712 units of securities transacted a day earlier.

In the same pattern, the value of trades carried out during the trading session jumped by 6,080.4 per cent to N27.4 million from the N1443,610.00 made on Wednesday.

In addition, the number of deals executed by market participants increased on Thursday by 300 per cent to 20 deals from the five deals executed in the preceding trading session, based on data obtained by Business Post.

At the close of business, Geo-Fluids Plc remained the most traded stock by volume on a year-to-date basis with a turnover of 811.1 million units worth N1.2 billion, UBN Property Plc was in second place with the sale of 369.8 units for N312.9 million, while Industrial and General Insurance (IGI) Plc was in third place with 91.1 million units valued at N6.7 million.

Conversely, VFD Group Plc ended the session as the most traded stock by value on a year-to-date basis with 10.4 million units valued at N2.3 billion, Geo-Fluids Plc was second with its 811.1 million units worth N1.2 billion, and UBN Property Plc was in third place with 369.8 million units valued at N312.9 million.