By Adedapo Adesanya
The unlisted securities market in Nigeria climbed by 0.70 percent on Thursday, June 18, 2020, Business Post reports.
Data harvested from the NASD Over-the-Counter (OTC) Securities Exchange showed that the benchmark index, the NASD Unlisted Security Index (NSI), increased by 4.87 points to end the day at 704.76 points from 699.89 points recorded at the previous session.
In the same vein, the market capitalisation improved by N3.6 billion to close at N517.69 billion in contrast to N514.12 billion it quoted on Wednesday.
This appreciation was spurred by gains recorded in securities of FrieslandCampina WAMCO Nigeria Plc and Niger Delta Exploration and Production (NDEP) Plc.
NDEP Plc recorded a N20.94 gain yesterday to move from N298.01 per share to N308.95 per share, while FrieslandCampina appreciated by 6 kobo to N119.88 per unit from N119.82 per unit.
The activity chart closed mixed during the trading day as two of the three barometers pointed south, while one went north.
The total number of securities traded by investors on Thursday depreciated by 7.7 percent to 50,786 units from 55,000 units traded on Wednesday.
Also, the value of the shares transacted by market participants depreciated by 9.2 percent to N5.5 million from N6.1 million, while the number of deals went up by 200 percent to nine deals from three deals of the preceding session.
Business Post reports that the nine deals executed at the session yesterday were from FrieslandCampina WAMCO Nigeria Plc (three deals), NDEP Plc (three deals) and Central Securities Clearing Systems (CSCS) Plc (three deals).
A further analysis showed that while NDEP contributed N4.51 million to the total value of trades yesterday, FrieslandCampina contributed N610,750, with CSCS accounting for N381,000.
ARM Life Plc closed the session as the most active stock by volume (year-to-date) with 7.4 billion units of its shares sold for N4.6 billion. CSCS Plc was in second place with 196 million units worth N2.6 billion, while Food Concept Plc held the third position with 110 million units of its shares transacted for N77 million.
As the most traded stock by value (year-to-date), ARM Life Plc still occupied the top position with 7.4 billion units of securities traded for N4.6 billion, while CSCS Plc followed with 196 million units exchanged for N2.6 billion, with NDEP Plc in third place for trading 7.9 million units of its securities valued at N2.4 billion.