Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange weakened by 0.30 per cent on Tuesday, September 26 after Central Securities Clearing System (CSCS) Plc witnessed a decline in its closing price.
This brought down the value of the unlisted securities market by N3.50 billion to end at N1.146 trillion versus the N1.149 trillion it ended a day earlier, as the NASD Unlisted Securities Index (NSI) dropped 2.48 points to end at 810.87 points compared with the previous day’s 813.35 points.
The share price of CSCS Plc declined by 70 Kobo yesterday to settle at N17.50 per share, in contrast to the preceding session’s N18.20 per share.
Yesterday, the value of trades fell by 28.1 per cent to N7.3 million from the previous session’s N10.2 million, and the volume of stocks exchanged at the market dropped by 84.1 per cent to 303,770 units from the 1.9 million units published on Monday.
During the session, market participants executed 10 deals at the bourse 23.1 per cent lower than the 13 deals reported in the preceding session.
At the close of business, CSCS Plc finished as the most traded stock by volume on a year-to-date basis with the sale of 1.1 billion units for N22.2 billion, UBN Property Plc was in second place with 946.1 million units valued at N942.0 million, and Geo-Fluids Plc stood in third place with 667.3 million units worth N1.2 billion.
Also, CSCS Plc ended the trading session as the most traded stock by value on a year-to-date basis with a turnover of 1.1 billion units worth N22.2 billion, VFD Group was in second position with 26.6 million units valued at N5.9 billion, and Aradel Holdings Plc was in third place with 6.2 million units worth N2.2 billion.
