Unlisted Securities Market Barometers Remain Static

September 6, 2022
NASD Unlisted Securities Index

By Adedapo Adesanya

The key performance indicators at the NASD Over-the-Counter (OTC) Securities Exchange remained unchanged on Monday after the prices of shares on the platform retained their previous values.

Business Post reports that the value of the unlisted securities market closed flat at N1.003 trillion yesterday as the NASD Unlisted Securities Index (NSI) remained unchanged at 762.12 basis points.

However, the level of activity witnessed changes during the trading session as investors traded a total of 17,000 units of securities in contrast to the 21,900 units of securities transacted in the preceding session, indicating a drop of 22.4 per cent.

However, the value of shares exchanged by the market participants jumped by 171.4 per cent to 2.0 million compared to N753,550 recorded in the previous session.

The total number of deals closed downward as five transactions were executed, 37.5 per cent lower than the eight deals quoted in the preceding market day.

At the close of business, AG Mortgage Plc remained the most traded stock by volume on a year-to-date basis with a turnover of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with 686.6 million units worth N14.2 billion, while Food Concepts Plc was in third place with 147.8 million units valued at N128.4 million.

The most traded stock by value on a year-to-date basis was still CSCS Plc as it has sold 686.6 million units worth N14.2 billion, VFD Group Plc was in second place with 24.5 million units valued at N6.6 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 14.1 million units worth N1.7 billion.

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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