By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed 0.17 per cent lower on Friday on the back of negative price movement in Nigerian Exchange (NGX) Group Plc and Central Securities Clearing Systems (CSCS) Plc.
NGX Group went down by 40 kobo or 2.2 per cent during the session to close at N17.92 per share in contrast to N18.32 per share it closed a day earlier.
On its part, CSCS Plc depreciated by 20 kobo or 1.1 per cent to settle at N18.50 per unit compared with N18.70 per unit it finished on Thursday.
These two securities overpowered the growth posted by UBN Property Plc. The proprietary company, which proposed a 3 kobo dividend, was the sole price riser yesterday as its value went up by one kobo or 0.9 per cent to close at N1.18 per unit as against N1.17 per unit it ended the preceding session.
At the close of business, the NASD Unlisted Security Index (NSI) reduced by 1.32 points to 754.81 points from 756.13 points recorded at the previous session, while the market capitalisation dropped N950 million to close the day at N536.52 billion versus N537.47 billion of the preceding session.
There was a rise in the total units of shares traded at the unlisted securities market on Friday as 7.7 million units were transacted at the market compared to 4.1 million units recorded at the previous session. This indicated a jump of 88.9 per cent.
Equally, the value of transactions swelled by 73.9 per cent to N136.7 million from N78.6 million of the preceding session.
At the session, 27 deals were executed which showed that the number of deals decreased 22.9 per cent when compared to 35 deals recorded a day earlier.
These were executed on five companies led by the NGX Group, which made 20 deals. CSCS Plc recorded four deals, FrieslandCampina WAMCO Nigeria Plc had two deals, while UBN Property Plc made one deal.
NGX Group closed the session as the company with the highest volume of trades (year-to-date) with 285.2 million units of its shares worth N6.4 billion. Swap Technologies and Telecomms Plc was in second place with 46.6 million units worth N41 million, while CSCS Plc held the third position with 31.6 million units of its shares worth N496.4 million.
In terms of value, NGX Group was also on top of the chart with 285.2 million units valued at N6.4 billion. It was followed by Niger Delta Exploration and Production (NDEP) Plc with 2.9 million units worth N900.6 million. The third spot was occupied by Friesland for trading 6.1 million units valued at N764.3 million.
