Unlisted Securities Market Cap Rises 0.42% to N1.041trn

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange returned to positive territory as it rose by 0.42 per cent on Tuesday, June 27, the trading session before the Sallah break to be observed on Wednesday and Thursday.

During the session, the market capitalisation of the unlisted securities exchange increased by N4.39 billion to N1.041 trillion from the N1.036 trillion achieved on Monday.

The improvement also spread to the NASD Unlisted Securities Index (NSI), which appreciated by 3.18 points to end the day at 752.24 points as against the 749.06 points it recorded at the previous session.

The bullishness was bupyed by the upward movement in the share price of Niger Delta Exploration and Production (NDEP), offsetting the losses printed by the duo of Central Securities Clearing System (CSCS) Plc, and Purple Real Estate Plc.

NDEP Plc gained N25.01 yesterday to sell at N275.13 per unit compared to the preceding session’s closing price of N250.12 per unit.

However, CSCS Plc depleted on Tuesday by 2 Kobo to close at N18.00 per unit versus the previous day’s N18.02 per unit, and Purple Real Estate Plc fell by 1 Kobo to quote at N5.20 per share versus the previous session’s N5.21 per share.

On the activity chart, the volume of securities bought and sold by investors increased by 601.10 per cent to 4.4 million units from 623,550 units, the value of stocks appreciated by 343.42 per cent to N509.0 million from N114.8 million, while the number of deals decreased by 31.03 per cent to 20 deals from the 29 deals reported a day earlier.

Geo-Fluids Plc ended the session as the most traded stock by volume (year-to-date) with 842.5 million units worth N1.3 billion, Industrial and General Insurance (IGI) Plc stood in second place with 630.1 units valued at N49.6 million, while UBN Property Plc was in third place with 408.4 million units valued at N348.5 million.

VFD Group Plc closed the day as the most traded stock by value (year-to-date) with 19.4 million units worth N4.4 billion, Geo-Fluids Plc was second with 842.5 million units valued at N1.3 billion, while FrieslandCampina Wamco Nigeria Plc was third with 18.4 million units valued at N1.3 billion.