Adedapo Adesanya
By Adedapo Adesanya,
The NASD Over-the-Counter (OTC) Securities Exchange recorded a decline of 0.14 per cent on Wednesday after the share price of Central Securities Clearing System (CSCS) Plc closed lower.
The company lost 31 Kobo in the midweek session to close at N14.20 per share compared with the previous closing price of N14.51 per share.
It rubbed off the 17 Kobo price appreciation posted by Afriland Properties Plc, settling at N2.07 per unit versus Tuesday’s value of N1.90 per unit.
At the close of transactions, the value of the unlisted securities market went down by N1.32 billion to N957.64 billion from the N958.96 billion it closed in the preceding session.
This also shrank the NASD Unlisted Securities Index (NSI) at the close of business by 1.00 points to 728.79 points from the 729.79 points recorded at the previous session.
Yesterday, the volume of securities traded by investors decreased by 99.4 per cent as a total of 195,512 units of securities exchanged hands compared with the 30.5 million units of securities traded in the preceding session.
In the same vein, the value of shares transacted by traders depreciated by 88.9 per cent to N15.9 million from N144.5 million, while the number of deals remained unchanged at nine deals.
When the market closed for the day, Geo-Fluids Plc remained the most traded stock by volume on a year-to-date basis with the sale of 425.1 million units valued at N448.5 million, UBN Property Plc stood in second place with 365.8 units valued at N309.5 million, while NRMC Plc was in third place with 25 million units valued at N137.5 million.
In the same vein, VFD Group Plc was the most traded stock by value on a year-to-date basis with a turnover of 7.3 million units valued at N1.7 billion, Geo-Fluids Plc followed with 425.1 million units worth N448.5 million, while UBN Property Plc was in third place with 365.8 million units worth N309.5 million.
