Unlisted Stock Investors Grow Market to N1.105trn
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.38 per cent on Friday, September 30, with N4.16 billion added to the value of the bourse, closing at N1.105 trillion compared with Thursday’s value of N1.101 trillion.
The market witnessed the improvement a day after the shares of VFD Group were yanked off the trading platform, with the NASD Unlisted Securities Index (NSI) closing higher by 3.06 points to settle at 815.65 basis points versus the previous day’s 812.59 basis points.
There were three gainers led by FrieslandCampina Wamco Nigeria Plc, which improved by N1.31 to close at N74.90 per share versus N73.59 per share, Food Concepts went up by 7 Kobo to N1.60 per unit from N1.53 per unit, and Acorn Petroleum Plc grew by 1 Kobo to 38 Kobo per share from 37 Kobo per share.
However, the share price of UBN Property Plc declined during the trading session by 5 Kobo to end at N1.25 per unit, in contrast to the previous day’s N1.30 per unit.
Yesterday, investors traded a total of 231,488 units of securities, in contrast to the 160,298 units of securities transacted a day earlier, indicating a jump of 44.4 per cent.
Equally, the value of shares exchanged by the market participants went up by 345.5 per cent to N14.7 million from the N3.3 million recorded in the previous session.
Further, the total number of deals carried out during the session went up by 72.7 per cent to 19 deals compared with the 11 deals achieved in the preceding market day.
Central Securities Clearing System (CSCS) Plc remained the most traded stock by volume (year-to-date) with 1.1 billion units valued at N22.2 billion, UBN Property Plc stood in second place with 946.2 units worth N942.2 million, and Geo-Fluids Plc was in third place with 667.3 million units valued at N1.2 billion.
Also, CSCS Plc ended the session as the most traded stock by value (year-to-date) as it traded 1.1 billion units worth N22.2 billion, VFD Group, which has now exited the market, came next with 26.6 million units valued at N5.9 billion, and Aradel Holdings Plc was in third place with 6.2 million units worth N2.2 billion.