By Adedapo Adesanya
The last trading session of the week on the floor of the NASD Over-the-Counter (OTC) Securities Exchange ended on a sour note.
This was because the unlisted securities market depreciated by 0.11 per cent at the close of transactions on Friday, August 20, 2021.
The fall reported yesterday further reduced the value of unlisted stocks in Nigeria by N710 million to N639.77 billion from N640.48 billion recorded on Thursday, August 19.
Business Post reports that the bearish outcome was influenced by the decline suffered by three securities; Central Securities Clearing Systems (CSCS) Plc, Mixta Real Estate Plc, and Nigerian Exchange (NGX) Group Plc.
CSCS Plc went down yesterday by 10 kobo or 0.6 per cent to sell at N16.58 per share compared to N16.68 per share of the previous session, while NGX Group Plc deflated by 6 kobo or 0.4 per cent to N17.14 per unit as against N17.20 per unit of the day before, with Mixta Real Estate Plc losing one kobo or 0.5 per cent to trade at N1.97 per share versus Thursday’s value of N1.98 per share.
The losses recorded by the trio depleted the NASD Unlisted Security Index (NSI) by 0.82 points to 736.07 points from 736.89 points.
During the session, investors traded 1.9 million units of stocks, 56.7 per cent higher than the 1.2 million units of securities transacted by market participants on Thursday.
Likewise, the value of shares transacted on Friday increased by 166.3 per cent to N31.7 million from N11.9 million, while the number of deals jumped by 100.0 per cent to 26 deals from 13 deals.
Like in the previous trading sessions, Geo Fluids Plc was the most active stock by volume (year-to-date) with 1.0 billion units valued at N700.1 million. It was trailed by NGX Group Plc with 397.1 million units worth N8.3 billion and Food Concepts Plc with 292.0 million units valued at N384 million.
In terms of the most traded stock by value (year-to-date), NGX Group Plc maintained the top spot with 397.1 million units worth N8.3 billion. VFD Group Plc followed with the sale of 6.3 million units worth N2.0 billion, while Niger Delta Exploration and Production (NDEP) Plc, which occupied the third spot, has transacted 3.3 million units valued at N1.0 billion.
Modupe Gbadeyanka