By Adedapo Adesanya
There was marginal week-on-week growth of 0.04 per cent in the unlisted securities market at the 31st trading week of this year.
In the week, the market capitalisation of the NASD Over-the-Counter (OTC) Securities Exchange slightly went up by N270 million to N654.32 billion from N654.05 billion.
Also, the NASD Unlisted Security Index (NSI) increased by 0.31 points to settle at 752.81 points as against the 752.50 points of the preceding week.
It was observed that the positive outcome occurred as two stocks; Friesland Campina Wamco Nigeria Plc and Nigerian Exchange Group Plc, outweighed the impact of the five declining securities.
In the week, Friesland appreciated by 5.8 per cent to N127.00 per unit from N120.05 per unit, while NGX Group rose by 0.2 per cent to N16.53 per share compared with the previous week’s N16.49 per share.
Last week, Swap Technologies & Telecomms Plc was the heaviest price loser as it went down by 19.3 per cent to 71 kobo versus the prior week’s 88 kobo.
Niger Delta Exploration & Production (NDEP) Plc went down by 7.2 per cent to N251 per unit compared with N270.50 per unit it closed a week earlier.
In addition, Food Concepts Plc declined by 5.9 per cent to 79 kobo per share versus the previous week’s 84 kobo, while Afriland Properties Plc depreciated by 3.2 per cent to N1.21 per unit from N1.25 per unit, with the Central Securities Clearing System (CSCS) Plc losing 2.4 per cent to N18 per share from N18.45 per share.
In the week, the market witnessed a 44.8 per cent increase in the total value of stocks traded as investors exchanged N1.04 billion worth of securities compared with the previous week’s N723.9 million worth of stocks.
However, the volume of securities transacted by the market participants went down by 89.9 per cent to 30.8 million units from 305.6 million units of the previous week.
In the same vein, the number of deals reduced week-on-week by 41.4 per cent to 102 trades from 174 trades carried out at the previous week.
In terms of the value of trades in the week, VFD Group Plc topped with N767.7 million, NGX Group Plc followed with N259.5 million, Swap Technologies & Telecomms Plc posted N7.5 million, NDEP Plc recorded N5.5 million, while Friesland traded N2.8 million.
But by volume, NGX Group Plc topped the chart with 15.6 million units, Swap Technologies & Telecomms Plc traded 10 million units, Food Concepts Plc exchanged 2.4 million units, VFD Group Plc transacted 2.1 million units, while Afriland Properties Plc traded 581,323 units.
In the year so far, investors have traded a total of 1.9 billion units of securities valued at N13.9 billion in 3432 deals.
Dipo Olowookere