Unlisted Securities Index Closes Flat as CSCS Chalks up 0.01%

By Dipo Olowookere

The NASD over-the-counter (OTC) Securities Exchange was in a stalemate on Thursday despite recording a price mover at the close of transactions.

The share price of Central Securities Clearing System (CSCS) Plc went up by 1 Kobo during the session to N13.56 per unit from the previous day’s closing price of N13.55 per unit.

However, this did not change the course of the NASD Unlisted Securities Index (NSI), which remained unchanged at 714.48 points, according to data obtained by Business Post from the alternative stock exchange.

But the value of the bourse, which is measured by the market capitalisation, slightly moved up by 0.01 per cent when trading activities were brought to a close yesterday, as it finished at N988.32 billion.

A look at the activity chart indicated that investors transacted 575,500 units of shares valued at N8.4 million in 17 deals yesterday.

On a year-to-date basis, Geo-Fluids Plc was the most actively traded stock by volume with a turnover of 831.9 million units worth N1.3 billion, followed by Industrial and General Insurance (IGI) Plc, which has traded 627.7 million units valued at N49.4 million, and UBN Property, which has exchanged 390.9 million units for N332.0 million.

As for the most traded stock by value on a year-to-date basis, it was still VFD Group Plc on top of the chart with the sale of 10.6 million units worth N2.4 billion, it was trailed by Geo-Fluids Plc with 831.9 million units worth N1.3 billion, and FrieslandCampina Wamco Nigeria Plc with a turnover of 12.3 million units valued at N867.1 million.