By Adedapo Adesanya
Unlisted stocks traders in Nigeria recorded a 0.40 per cent decline in their portfolios at the NASD Over-the-Counter (OTC) Securities Exchange on Thursday, March 17.
The loss was largely influenced by the poor performance of the Central Securities Clearing Systems (CSCS) Plc as its share price went down by 2.9 per cent or 50 kobo to sell at N17.00 per unit compared with the preceding session’s N17.50 per unit.
The price depreciation overpowered the 0.2 per cent or 38 kobo growth posted by Niger Delta Exploration and Production (NDEP) Plc, while closed yesterday at N180.38 per unit as against N180.00 per unit of the preceding trading day.
As a result, the market capitalisation of the exchange depleted by N2.43 billion to N601.38 billion from N603.81 billion, while the NASD Unlisted Securities Index (NSI) decreased by 2.87 points to wrap the session at 710.19 points compared with 713.06 points recorded at the previous session.
Data indicated that during the session, investors exchanged a total of 302,529 units of securities valued at N12.9 million in 13 deals.
At the close of transactions, CSCS Plc ended the session as the most traded stock by volume on a year-to-date basis with a turnover of 659.0 million units valued at N13.8 billion, followed by NASD Plc with a turnover of 32.4 million units valued at N321.0 million and AG Mortgage Bank with a turnover of 32.0 million units worth N16.7 million.
In terms of the most traded stock by value on a year-to-date basis, CSCS was also on top of the chart with the sale of 659.0 million units valued at N13.8 billion, followed by VFD Group Plc with the sale of 916,161 units worth N331.5 million, and NASD Plc with the sale of 32.4 million units for N321.0 million.
Modupe Gbadeyanka