Unlisted Securities Exchange Sheds 0.02%

January 20, 2023
unlisted securities exchange

By Adedapo Adesanya

A marginal 0.02 per cent dip was recorded by the NASD Over-the-Counter (OTC) Securities Exchange on Thursday, January 19, with FrieslandCampina Wamco Nigeria Plc depleting by 88 Kobo or 1.35 per cent to close at the session at N64.12 per unit versus Wednesday’s value of N65.00 per unit.

This reduced the total value of the unlisted securities exchange by N220 million when trading activities came to an end to N924.09 billion from the N924.31 billion reported a day earlier.

Also, the NASD Unlisted Securities Index (NSI) dropped 0.17 points to end the day at 703.26 points as against the 703.43 points it recorded in the previous session.

Business Post reports that the bourse witnessed a price riser yesterday, but the 30 Kobo or 2.46 per cent jump posted by Central Securities Clearing Systems (CSCS) was not enough to salvage the situation. The share price of CSCS Plc closed at N12.50 per unit, in contrast to Wednesday’s N12.20 per unit.

The activity log was in the red yesterday due to the decline in the volume of transactions, the value of transactions and the number of deals by 56.7 per cent, 65.0 per cent, and 10.0 per cent, respectively.

The market participants bought and sold a total of 36,988 units of securities worth N2.5 million in nine deals on Thursday compared with the 85,988 units of securities valued at N7.1 million traded in 10 deals in the midweek session.

Geo Fluids Plc finished the session as the most traded stock by volume (year-to-date), with 20.4 million units valued at N15.5 million, followed by UBN Property Plc with 9.0 units worth N6.5 million, and FrieslandCampina Wamco Nigeria with 764,001 units valued at N50.3 million.

Likewise, VFD Group Plc closed the trading day as the most active stock by value (year-to-date), with 420,865 units exchanged at N102.7 million, trailed by FrieslandCampina Wamco Nigeria Plc with 764,001 units valued at N50.3 million, and Niger Delta Exploration and Production (NDEP) Plc with 101,000 units worth N17.7 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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