Unlisted Securities Market Closes 1.20% Lower

By Adedapo Adesanya

Transactions on the floor of the NASD Over-the-Counter (OTC) Securities Exchange closed lower by 1.20 per cent on Friday, December 9.

The unlisted securities market lost N11.35 billion during the session to close at N933.35 billion compared with Thursday’s closing value of N944.71 billion.

Also, the profit-taking by investors affected the NASD Unlisted Securities Index (NSI) as it decreased by 8.65 points to wrap the session at 710.30 points compared with 718.95 points recorded at the previous session.

The loss was caused by a fall in the share price of FrieslandCampina Wamco Nigeria Plc as it closed lower by N6.00 to trade at N66.50 per unit against the previous day’s rate of N72.50 per unit.

The milk producer wiped out the 7 Kobo growth posted by Central Securities Clearing System (CSCS) Plc. The company’s share price closed at N13.50 per unit, in contrast to Thursday’s N13.43 per unit.

Yesterday, the volume of securities traded at the bourse increased by 15.2 per cent to 148,058 units from 128,533 units, while the value of shares traded by investors slumped by 14.9 per cent to N3.2 million from N3.8 million, with the number of deals going down by 18.2 per cent to nine deals from the 11 deals executed a day earlier.

At the close of business, AG Mortgage Bank Plc remained the most traded stock by volume (year-to-date) with 2.3 billion units valued at N1.2 billion, followed by CSCS Plc with 688.1 million units worth N14.3 billion, and Lighthouse Financials Services Plc with 224.7 million units valued at N112.3 million.

Also, the most traded stock by value on a year-to-date basis was CSCS Plc with the sale of 688.1 million units worth N14.3 billion, VFD Group Plc was in second place with 29.1 billion units valued at N7.7 billion, while FrieslandCampina WAMCO Plc in third place with a turnover of 17.7 million units valued at N1.9 billion.