Unlisted Securities Market Index Remains at 700.39 Points

February 25, 2020
Unlisted Securities Market

By Adedapo Adesanya 

The unlisted securities market in Nigeria commenced the new trading week on a flat note on Monday as the key performance indicators remained at their previous levels.

Business Post reports that at the close of transactions yesterday, the NASD Unlisted Security Index (NSI) closed flat at 700.39 points, while the market capitalisation remained at N503.55 billion.

In addition, the market wrapped up activities with no single price gainer or loser as prices of securities listed on the NASD Over-the-Counter (OTC) Securities Exchange finished at their previous quoted prices.

However, there were movements in the activity chart during the session as the trio of trading volume, transaction value and the number of deals executed by traders moved north.

According to data from the exchange, the volume of shares that exchanged hands on Monday were 6.03 million units in contrast to 83,533 units traded at the last session. This indicated that the trading volume rose on Monday by 7,115 percent or 5.9 million units.

In the same vein, the total value of transactions recorded at the bourse in the session went up by 1,011 percent or N62.1 million to N68.2 million from N6.1 million achieved last Friday.

In addition, the total number of deals executed by market participants during the session increased by 80 percent or four deals as nine deals were executed on Monday, higher than five deals recorded at the previous trading day.

ARM Life Plc still maintained its position as the most traded stock by volume (year-to-date) with 29 million units worth N18.3 million, while the Central Securities Clearing System (CSCS) Plc climbed to second place with 10.4 million units of its shares traded for N117. 8 million, with Niger Delta Exploration and Production (NDEP) Plc falling to third after trading 4.4 million units of its shares worth N1.4 billion.

On the flip side, NDEP remained as the most active stock by value (year-to-date) as at the close of business yesterday, trading 4.4 million units of its stocks valued at N1.4 billion. In second place was CSCS Plc, which has traded 10.4 million units worth N117.8 million, while FrieslandCampina WAMCO Nigeria Plc has transacted 862,386 units valued at N108.2 million.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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