Unlisted Securities Open Week in Flat Territory  

By Adedapo Adesanya

Unlisted securities in Nigeria closed flat on Monday as the key market performance indicators retained their previous parameters.

Business Post observed that trading activities on the NASD Over-the-Counter (OTC) Securities Exchange waned as investors remain cautious.

However, Nigerian Exchange (NGX) Group recorded a 1.8 per cent or 31 kobo decline at the market to close at N17.61 per share as against N17.92 per share it finished at the preceding session. This did not shake the market.

At the close of transactions, the market capitalisation of the NASD Exchange remained at N536.52 billion, while the NASD Unlisted Security Index (NSI) closed static at 754.81 points.

Yesterday, a total of 1.0 million units of securities were traded by investors in contrast to the 7.7 million units of securities transacted at the previous session, indicating an 86.5 per cent decline.

Equally, the value of shares exchanged by the market participants dropped by 85.3 per cent to N20.1 million from N136.7 million recorded at the previous session.

However, the total number of deals executed went up by 11.1 per cent as 30 deals were executed at the exchange as against the 27 deals printed last Friday.

These deals were executed on NGX Group with 22 deals, Central Securities Clearing Systems (CSCS) Plc made four deals, FrieslandCampina WAMCO Nigeria Plc recorded three deals, while the Niger Delta Exploration and Production (NDEP) Plc made a single transaction at the session.

NGX Group remained as the most active stock by volume (year-to-date) with 286.2 million units of its shares traded for N6.4 billion. Swap Technologies & Telecomms Plc was in second place with 46.6 million units worth N41.0 million, while CSCS Plc held the third position with 31.6 million units of its shares worth N496.5 million.

Also, NGX Group was the most active stock by value (year-to-date) with the sale of 286.2 million units of its securities worth N6.4 billion. NDEP Plc remained in the second spot with 2.9 million units of its securities valued at N900.9 million, while the third place was taken by Friesland with 6.1 million units valued at N766 million.