Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed the first session of the 2024 trading year lower by 0.19 per cent on Tuesday, January 2 due to the shaky performance of Central Securities Clearing System (CSCS) Plc.
The stock price of the company went down by N1.69 to N18.61 per unit from the N19.81 per unit it closed on the last trading day of last year, which was last Friday.
Consequently, the market capitalisation of the alternative stock exchange declined by N2.32 billion to N1,254.91 billion from N1,257.23 billion it quoted at the previous session (Friday, December 30).
This bearish movement was also seen in the NASD Unlisted Security Index (NSI), which shed 1.72 basis points to end the day at 925.75 points as against 927.47 points it recorded in the previous session.
Business Post reports that the unlisted stock market witnessed a price gainer yesterday and this was 11 Plc, which added N17.00 to its value to finish at N197.00 per unit compared with the previous session’s N180.00 per unit.
During the session, the volume of securities traded at the bourse increased by 337,918.1 per cent to 5.7 million from 1,700 units, the value of securities transacted followed the same pattern, with an increase of 35,785 per cent to N34.5 million from N96,190, and the number of deals rose by 125 per cent to nine deals from four deals.
The most active stock by volume for the trading day was Purple Real Estate Plc with 5.5 million units worth N28.8 million, followed by CSCS Plc with 200,000 units valued at N3.6 million, 11 Plc with the sale of 10,600 units worth N2.1 million, and Aradel with 200 units valued at N14,400.
Also, Purple Real Estate Plc ended the trading session as the most traded stock by value with 5.5 million units priced at N28.8 million, trailed by CSCS Plc with a turnover of 200,000 units sold for N3.6 million, 11 Plc with the sale of 10,600 units valued at N2.1 million, and Aradel with 200 units valued at N14,400.
