Unlisted Securities Market Opens Week 0.72% Higher

March 28, 2023
Unlisted Securities Market

By Adedapo Adesanya

The unlisted securities market in Nigeria closed higher by 0.72 per cent on Monday, March 27, as a result of the N1.35 addition to the share prices of Central Securities Clearing System (CSCS) Plc and the N1.10 improvement in NASD Plc.

Business Post reports that at the close of business yesterday, CSCS Plc closed at N15.35 per unit compared with last Friday’s price of N14.00 per unit, while NASD Plc finished at N14.10 per share versus the previous session’s N13.00 per share.

Consequently, the market capitalisation of the NASD Over-the-Counter (OTC) Securities Exchange increased by N7.29 billion to N1.02 trillion from the N1.01 billion achieved in the preceding trading day.

In the same vein, the NASD Unlisted Securities Index (NSI) went up by 5.26 points to wrap the session at 735.63 points compared with 730 points in the previous session.

Data obtained from the exchange showed that the volume of shares transacted by investors went down by 75.6 per cent to 415,330 units from the 1.7 million units traded last Friday.

However, the value of shares traded at the session ballooned by 755.9 per cent to N26.6 million from the N3.1 million achieved in the preceding trading session.

Further, the number of deals completed by market participants leapt by 266.7 per cent as 11 deals were executed during the session compared with the three deals carried out in the previous trading day.

Geo-Fluids Plc was the most traded stock by volume (year-to-date) with the sale of 462.1 million units valued at N505.0 million, UBN Property Plc claimed the second spot for selling 365.8 units valued at N309.5 million, while IGI Plc was in third place with 71.1 million units valued at N5.1 million.

The most traded stock by value (year-to-date) was VFD Group Plc with 7.3 million units valued at N1.7 billion, Geo-Fluids Plc followed its 462.1 million units worth N505.9 million, while UBN Property Plc was in third place with 365.8 million units valued at N309.5 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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