Economy
Unlisted Securities Market Receives 0.1% Boost from Two Stocks
By Adedapo Adesanya
The National Association of Securities Dealer (NASD) Over-the-Counter (OTC) Securities Exchange returned to gaining ways on Wednesday, August 10, with a 0.10 per cent growth following a team effort by CitiTrust Holdings Plc and FreislandCampina WAMCO Nigeria Plc.
The market capitalisation of unlisted securities went up by N1.03 billion to settle at N1.007 trillion from the previous session’s N1.006 trillion, while the NASD Unlisted Securities Index (NSI) grew by 4.79 points to wrap the session at 768.87 points compared with 764.08 points of the previous session.
At the midweek session, the stock price of CitiTrust Plc rose by 35 Kobo to close at N11.35 per share in contrast to N11.00 per share of the previous day, while FreislandCampina Plc also grew by 35 Kobo to N90.00 per unit versus Tuesday’s N90.35 per unit.
However, the share price of NASD Plc depreciated during the session by one Kobo to settle at N16.18 per unit in contrast to the previous day’s N16.19 per unit.
Yesterday, investors traded lower securities, transacting 59,538 units, 94.3 per cent lower than the 1.0 million units traded a day earlier, while the value of shares transacted improved by 58.7 per cent to N4.6 million from N2.9 million, with the number of deals rising by 23.1 per cent to 16 deals from the 13 deals executed a day earlier.
AG Mortgage Bank Plc finished the session as the most traded stock by volume (year-to-date) with a turnover of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with 686.5 million units worth N14.2 billion, while Food Concepts Plc was in third place with 147.8 million units valued at N128.4 million.
Also, CSCS Plc ended the session as the most traded stock by value (year-to-date) with the sale of 686.5 million units worth N14.2 billion, VFD Group Plc was in second place with 11.1 million units exchanged for N3.3 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 13.9 million units valued at N1.7 billion.
