Unlisted Stock Exchange Turns Green as NDEP, NASD, CSCS Gain
By Adedapo Adesanya
The unlisted stock exchange closed in the green on Tuesday after the trio of Niger Delta Exploration and Production (NDEP), Central Securities Clearing Systems (CSCS) Plc, and NASD Plc triggered led the NASD Over-the-Counter (OTC) Securities Exchange to a 0.25 per cent growth.
NDEP Plc appreciated by N13 to close at N210.00 per share as against the previous day’s N197.00 per share, NASD Plc improved its share price by 6 Kobo to settle at N18.15 per unit compared with Monday’s N18.09 per unit, while CSCS Plc grew by 4 Kobo to close at N13.60 per unit versus the preceding day’s N13.56 per unit.
As a result, NASD unlisted securities index (NSI) moved up by 1.89 points to 773.17 points from 771.28 points, while the market capitalisation gained N2.49 billion to wrap the day at N1.018 trillion in contrast to the N1.016 trillion it closed a day earlier.
The market witnessed a significant increase in the level of transactions yesterday as the trading volume jumped by 542.5 per cent to 497,464 units from 79,653 units, the trading value rose by 225.6 per cent to N10.4 million from the previous day’s rate of N3.2 million, but the number of deals recorded a decline of 21.4 per cent as these trades were executed in 11 deals compared to the 14 deals carried out in the previous session.
AG Mortgage Bank Plc maintained its position as the most traded stock by volume on a year-to-date basis with a turnover of 2.3 billion units valued at N1.2 billion, followed by CSCS Plc with 676.1 million units worth N14.1 billion, and Food Concepts Plc with 146.5 million units valued at N127.2 million.
CSCS Plc also retained its spot as the most active stock by value on a year-to-date basis with the sale of 676.1 million units worth N14.1 billion, trailed by VFD Group Plc with 11.1 million units sold for N3.3 billion, and FrieslandCampina WAMCO Nigeria Plc with 12.0 million units valued at N1.5 billion.