Unlisted Securities Extend Stay in Flat Territory  

January 21, 2022
unlisted securities index

By Adedapo Adesanya

There was neither a price gainer nor a price loser at the NASD Over-the-Counter (OTC) Securities Exchange on Thursday, January 20 as the key performance indicators also remained unchanged at the close of transactions.

Business Post reports that the market capitalisation of the NASD Exchange retained the previous value of N633.06 billion, while the NASD Unlisted Securities Index (NSI) remained unchanged at 747.61 points.

The none movement witnessed yesterday came as the trading activity chart witnessed changes, with the volume of trades, the value of transactions and the number of deals carried out at the bourse declined.

On Thursday, investors traded a total of 4,000 units of securities in contrast to the 195.2 million units of securities transacted at the preceding session, indicating a fall of 100 per cent.

Equally, the value of shares exchanged by the market participants depreciated by 99.9 per cent to N767,100 from the preceding session’s N4.1 billion.

The total number of deals executed went down by 80 per cent as only two deals were performed at the exchange as against the 10 deals printed at the midweek session.

It was observed that Central Securities Clearing Systems (CSCS) Plc maintained its position as the most traded stock by volume on a year-to-date basis with 649.5 million units of its shares valued at N13.6 billion. VFD Group Plc claimed second place with a turnover of 916,161 units of its stocks valued at N331.5 million, while Friesland Campina WAMCO Nigeria Plc was in third place with a turnover of 205,566 units of its securities valued at N24.3 million.

The most traded stock by value on a year-to-date basis was also CSCS Plc with the sale of 649.5 million units valued at N13.6 million, VFD Group Plc was also in second place with 916,161 units valued at N331.5 million, while the third, Friesland Campina WAMCO Nigeria Plc, has exchanged 205,566 units valued at N24.3 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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