Unlisted Stocks Close Flat

August 20, 2022
unlisted stocks Nigeria

By Adedapo Adesanya

The key performance indicators of the NASD Over-the-Counter (OTC) Securities Exchange remained unchanged on Friday, August 19.

Business Post reports that the value of unlisted stocks in Nigeria retained the previous session’s N992.63 billion as the NASD Unlisted Securities Index (NSI) remained unchanged at 754.04 basis points.

The stalemate witnessed at the session came as there was no price advancer or decliner at the week’s final session.

But the level of activity changed, with the volume of transactions receding by 99.6 per cent during the session to 57,506 units from the preceding session’s 2.7 million units.

Likewise, the value of shares exchanged by the market participants dropped 99.7 per cent to 10.5 million from N3.1 billion, while the number of deals carried out reduced by 50 per cent to six deals compared with the 12 deals executed a day earlier.

AG Mortgage Plc finished the trading day as the most traded stock by volume on a year-to-date basis with the sale of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc followed with 686.5 million units worth N14.2 billion, while Food Concepts Plc was in third place with 147.8 million units valued at N128.4 million.

The most traded stock by value on a year-to-date basis remained CSCS Plc with a turnover of 686.5 million units worth N14.2 billion, trailed by VFD Group Plc with 23.8 million units valued at N6.4 billion, and FrieslandCampina WAMCO Nigeria Plc with the sale of 14.0 million units valued at N1.7 billion.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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