Unlisted Stocks Investors Pocket N14.87bn Friday

April 9, 2022
unlisted stocks

By Adedapo Adesanya

The final trading session of the week on the floor of the NASD Over-the-Counter (OTC) Securities Exchange ended on a positive note with an appreciation of 1.55 per cent buoyed by three companies.

FrieslandCampina WAMCO Nigeria Plc continued being the hot stock as it closed the session higher by N13.72 or 9.1 per cent to sell at N150.85 per unit compared with the previous day’s value of N137.13 per unit.

Another price gainer was NASD Plc, which expanded by 94 kobo or 6.5 per cent to close at N14.50 per share in contrast to N13.56 per share it closed a day earlier, while Central Securities Clearing System (CSCS) Plc improved its share value by 21 kobo or 1.3 per cent to N15.84 per unit from N15.63 per unit.

The gains posted by the trio increased the wealth of unlisted stocks investors as the market capitalisation of the bourse increased by N14.87 billion to N971.52 billion from N956.65 billion, while the NASD Unlisted Securities Index (NSI) grew by 11.31 points to wrap the session at 738.87 points compared with 727.56 points in the previous session.

During the session, there was a 27.4 per cent decline in the volume of securities traded by investors to 1.0 million units from the previous trading day’s 1.4 million units, while the value of transactions increased by 65.2 per cent to N54.9 million from N33.2 million, with the number of deals rising by 33.33 per cent to 28 deals from the preceding session’s 21 deals.

Like it had been in the previous trading days, AG Mortgage Bank Plc was the most active stock by volume on a year-to-date basis with the sale of 2.3 billion units of its stocks for N1.2 billion, followed by CSCS Plc which has sold 660.5 million units valued at N13.8 billion, and NASD Plc, which has traded 43.0 million units worth N462.2 million.

Also, CSCS Plc remained the most traded stock by value on a year-to-date basis with a turnover of 660.2 million units exchanged for N13.8 billion, AG Mortgage Plc was in second place with 2.3 billion units worth N1.2 billion, while FrieslandCampina WAMCO Plc occupied third place with 3.8 million units valued at N484.7 million.

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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