By Adedapo Adesanya
The performance of the unlisted securities market in Nigeria was bearish on Friday, October 30 as there was only a marginal scrape off the two major market barometers.
Business Post reports that at the close of transactions at the NASD Over-the-Counter Securities Exchange yesterday, the market capitalisation and index were marginally down by 0.01 per cent each.
The NASD Unlisted Security Index (NSI) depreciated reduced by 0.04 points to close at 730.22 points from 730.26 points, while the market capitalisation decreased by N30 million to settle at N536.39 billion compared with N536.42 billion it ended the previous session.
This came on the back of negative price movement in the shares of Friesland Campina WAMCO Plc by 3 kobo or 0.02 per cent to N139.97 per share from N140 per share.
At the final session for the week, the volume of transactions printed by the market fell by 89.6 per cent to 14,120 units from 135,500 units, while the value of trades equally backslid by 7.1 per cent to N1.7 million from N1.8 million.
However, there was a rise in the total deals executed by traders at the market on Friday. A total of 4 deals were executed during the session in contrast to the three deals executed on Wednesday, indicating a decline by one deal or 33.3 per cent.
The day’s single decliner, FrieslandCampina WAMCO Nigeria Plc, made three deals while Afriland Properties Plc executed the other deal.
At the close of business yesterday, ARM Life Plc stood firm as the most traded stock by volume (year-to-date) with 7.4 billion units of its shares worth N4.6 billion. Central Securities Clearing Systems (CSCS) Plc was in second place with 203.4 million units traded at N2.7 billion, while Food Concepts Plc followed in third place with 128.1 million units traded at N90.2 million.
In terms of the value of trades (year-to-date), ARM Life Plc still retained the zenith position with a total of 7.4 billion units worth N4.6 billion. Niger Delta Exploration and Production (NDEP) Plc came next with 10.4 million units of securities exchanged for N3.2 billion, while CSCS Plc, sat in third place with 203.4 million valued at N2.7 billion.
more recommended stories
NEPZA to Begin New Free Zone Registration January 1
By Adedapo Adesanya The Nigeria Export.
Tax Evaders Plunged Nigeria into Recession—Boss Mustapha
By Modupe Gbadeyanka The fall into.
Nigeria Declares Better Performance for Oil in 2020
By Adedapo Adesanya The Minister of.
Stockbrokers to Flag Trading of 500,000 Stocks, Others from January 2021
By Dipo Olowookere From January 2021,.
GTBank Shareholders Gather in Lagos to Decide Holdco Structure
By Dipo Olowookere Shareholders of GTBank.
NSE: Domestic Investors Cherry-Pick Stocks With Strong Fundamentals
By Dipo Olowookere The Nigerian Stock.
Investors Shun Trading at NASD Exchange
By Adedapo Adesanya There were no.
Tier-1 Banking Stocks, Others Deplete Market by N46bn
By Dipo Olowookere Stocks in the.