Economy
Unlisted Securities Market Gains 0.68% Monday
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange opened the second trading week of the year on a positive note, rising by 0.68 per cent at the close of transactions on Monday, January 10.
This stemmed from the positive price movement in one of the market bellwethers, Central Securities Clearing Systems (CSCS) Plc, which recorded a price growth of 4.8 per cent or 95 kobo to close at N20.00 per unit in contrast to N19.05 per unit it finished last Friday.
The performance of CSCS overpowered the loss posted by FrieslandCampina WAMCO Nigeria Plc. The share price of the milk-manufacturing company went down by 0.4 per cent or 43 kobo to N118.00 per share from N118.43 per share it closed at the previous session.
When the market closed for the day, the total value of the unlisted securities market in Nigeria stood at N636.05 billion compared with the preceding value of N631.72 billion, indiciating an increase by N4.33 billion.
Equally, the NASD Unlisted Security Index (NSI) increased by 5.11 points yesterday to end at 751.14 points as against 746.03 points it finished last Friday.
On the activity chart, the trading volume recorded an increase on Monday, rising by 21,937.6 per cent to 442,515 units from 2,008 units, while the trading value appreciated by 19,848.8 per cent to N10.3 million from N51,704, with the number of deals growing by 900 per cent to 20 deals from the two deals carried out last Friday.
The most active stock by volume on a year-to-date basis was CSCS Plc with the sale of 463,440 units valued at N9.2 million, followed by Friesland Campina WAMCO Nigeria Plc with the sale of 25,644 units of its stocks valued at N3.0 million, and Nipco Plc with the sale of 5,308 units valued at N334,404.
Also, CSCS Plc ended the session as the most active stock by value on a year-to-date basis with a turnover of 463,440 units worth N9.2 million. Friesland Campina WAMCO Nigeria Plc trailed again with 25,644 units sold for N3.0 million, while Nipco Plc occupied the third spot with 5,308 units worth N334,404.
