Unlisted Securities Gain 1.41%

By Adedapo Adesanya

Three companies trading their equities in the NASD over-the-counter (OTC) Securities Exchange helped the bourse leave the bears’ territory on Monday by 1.41 per cent.

These securities were Niger Delta Exploration and Production (NDEP) Plc, FrieslandCampina Wamco Nigeria Plc, and Purple Real Estate Plc.

NDEP Plc gained N7.50 to quote at N344.10 per unit compared with the preceding session’s N336.60 per unit, FrieslandCampina Plc appreciated by N7.00 to close the day at N78.50 per share versus last Friday’s N71.50 per share, and Purple Real Estate Plc expanded by 1 Kobo to finish at N5.21 per share, in contrast to the previous session’s closing price of N5.20 per share.

The gains reported by the trio pushed the total value of the unlisted securities market by N15.06 billion to N1.081 trillion from the N1.066 trillion achieved last Friday, as the NASD Unlisted Securities Index (NSI) piled up 10.89 points to end the day at 781.78 points as against the 770.89 points it recorded at the previous session.

There was a 37,006.8 per cent rise in the volume of securities traded at the bourse yesterday to 8.5 million units from the 23,000 units achieved in the last trading session.

Equally, there was a 2,983.3 per cent growth in the value of shares traded yesterday to N55.4 million from N1.8 million, and the number of deals increased by 1,275.00 per cent to 55 deals from the four deals posted in the previous trading day.

At the close of business, Central Securities Clearing System (CSCS) Plc remained the most traded stock by volume (year-to-date) after trading 1.1 billion units valued at N21.2 billion, Geo-Fluids followed with 625.8 units worth N1.1 billion, and Industrial and General Insurance (IGI) Plc was in third place with 608.3 million units valued at N48.1 million.

Also, CSCS Plc was the most traded stock by value (year-to-date) with 1.1 billion units worth N21.2 billion, trailed by VFD Group Plc with 18.9 million units valued at N4.2 billion, and Geo-Fluids Plc with 625.8 million units valued at N1.1 billion.