Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed 0.04 per cent in the negative territory on Tuesday, November 21, with the share price of UBN Property Plc going down by 4 Kobo to sell at N1.50 per unit compared with the previous session’s N1.54 per unit, and Industrial and General Insurance (IGI) Plc lost 2 Kobo to close at 25 Kobo per unit, in contrast to Monday’s closing price of 27 Kobo per unit.
As a result, the total value of the unlisted securities market depleted by N510 million to remain relatively flat at N1.147 trillion, as the NASD Unlisted Security Index (NSI) went down by 0.37 points to end the day at 846.16 points as against 846.53 points it recorded at the previous session.
In terms of the volume of securities traded at the bourse, there was a rise as investors exchanged 3.5 million units, which is 2,794.4 per cent higher than the 121,000 units transacted by market participants at the last session. There was a rise in the value of shares traded yesterday by 70.8 per cent to N12.2 million from the N7.1 million achieved in the preceding trading session.
These transactions, according to data obtained by this newspaper, were carried out in 11 deals compared with the five deals executed in the previous trading day, indicating a 120 per cent increase.
Central Securities Clearing System (CSCS) Plc closed as the most traded stock by volume on a year-to-date basis with 1.2 billion units worth N22.3 billion, UBN Property Plc was in second place with 1.1 billion units valued at N1.1 billion, and Geo-Fluids Plc stood in third place with 704.2 units worth N1.3 billion.
Similarly, CSCS Plc ended the trading session as the most traded stock by value on a year-to-date basis with 1.2 billion units worth N22.3 billion, VFD Group retained the second spot with 26.6 million units valued at N5.9 billion, and Aradel Holdings Plc was in third place with 7.7 million units worth N3.1 billion.
