By Adedapo Adesanya
Investors suffered a marginal loss of 0.01 per cent at the 24th trading week of 2021 on the floor of the NASD Over-the-Counter (OTC) Securities Exchange.
This reduced the NASD Unlisted Security Index (NSI) by 0.07 points to close the week at 746.12 points in contrast to 746.19 points of the previous week.
Also, the market capitalisation of the unlisted securities ecosystem went down by N0.05 billion to N530.35 billion from N530.4 billion it closed in the preceding week.
The decline witnessed in the four-day trading week was buoyed by two equities; Nigerian Exchange (NGX) Group Plc and Central Securities and Clearing System (CSCS) Plc.
NGX Group lost 3.1 per cent to close the week at N19.28 per unit compared with the previous N19.89 per unit, while CSCS went down by 0.01 per cent to close at N17.99 per share in contrast to N18.00 per share it ended the preceding week.
During the week, the volume of stocks transacted by investors decreased by 21.03 per cent to 11.8 million units from 14. 9 million units of the previous week, while the value of shares traded went down by 20.13 per cent to N240.4 million from N301.0 million recorded a week earlier, with the number of deals going down by 18.4 per cent to 124 deals from 152 deals of the previous week.
The most active security by value in the week was NGX Group with the sale of N205.1 million. It was trailed by CSCS Plc with N26.4 million, Nipco Plc with N8.4 million, FrieslandCampina WAMCO Nigeria Plc with N497,202 and VFD Group Plc with N114,484.
Also, NGX Group was the most traded stock by volume last week with 10.3 million units. CSCS Plc traded 1.4 million units, VFD Group Plc exchanged 1.1 million units, Nipco Plc transacted 120,050 units, while UBN Property Plc traded 7,000 units.
On a year-to-date basis, investors have traded 395.4 million securities worth N8.6 billion in 2352 deals.
Modupe Gbadeyanka