Unlisted Securities Market Index Drops 0.05%
By Adedapo Adesanya
The unlisted securities market depreciated by 0.05 per cent on Friday, with the NASD Plc contributing to the fall as a result of the 10.3 per cent decline in its value to N10.96 per unit compared with the previous day’s N12.09 per unit.
This scrapped off 0.36 points from the NASD Unlisted Securities Index (NSI) to 742 points from 742.36 points as the market capitalisation of the NASD Over-the-Counter (OTC) Securities Exchange went down by N300 million to N628.31 billion from N628.31 billion it closed on Thursday.
Business Post reports that Central Securities Clearing Systems (CSCS) Plc could not salvage the situation at the market yesterday despite posting a growth of 4 kobo or 0.2 per cent to settle at N19.70 share compared to N19.66 per share of the preceding session.
In terms of the trading activity, the exchange posted a decrease in the volume of securities traded by investors by 63.2 per cent as 57,695 units of shares exchanged hands in contrast to the 156,569 units of shares recorded a day earlier.
Also, the value of transactions went down by 90.2 per cent as stocks worth N874,635.50 were carried out in contrast to the N8.9 million worth of shares posted on Thursday.
These trades were executed in seven deals, 41.7 per cent lower than the 12 deals executed the day before.
At the close of transactions for the session, CSCS Plc was the most traded stock by volume on a year-to-date basis with a turnover of 653.9 million units worth N13.7 billion, NASD Plc has traded 2.9 million units valued at N49.5 million, while Dufil Plc has transacted 2.0 million units worth N18 million.
Similarly, CSCS Plc ended the day as the most traded stock by value on a year-to-date basis with a turnover of 653.8 million units valued at N13.7 billion, VFD Group Plc has transacted 916,161 units worth N331.5 million, while Niger Delta Exploration and Production (NDEP) Plc has sold 289,723 units for N68.2 million.