Unlisted Securities Market Gain 0.04% at Midweek

By Adedapo Adesanya

The arrows of the NASD Over-the-Counter (OTC) Securities Exchange headed north by a marginal 0.04 per cent on Wednesday, October 23.

This increased the value of the unlisted securities market by N450 million during the midweek trading day to N1.044 trillion from the N1.044 trillion it was recorded in the preceding trading session.

In the same vein, the NASD Unlisted Security Index (NSI) went up by 1.28 points to wrap the session at 2,980.89 points compared with 2,979.61 points recorded at the previous session.

Yesterday, Central Securities Clearing System (CSCS) Plc expanded by 15 Kobo to settle at N22.15 per unit compared with Tuesday’s closing price of N22.00 per unit, and FrieslandCampina Wamco Nigeria Plc gained 17 Kobo to close at N44.08 per share versus the previous day’s N43.91 per share.

On the flip side, Acorn Petroleum Plc lost 11 Kobo to finish at N2.30 per unit compared with the preceding session’s N2.41 per unit and Afriland Properties slid by 30 Kobo to quote at N16.70 per share, in contrast to the N17.00 per share it ended a day earlier.

The midweek trading chart showed that there was an 89.9 per cent slide in the volume of securities to 136,579 units from 1.3 million units traded in the preceding session.

In the same vein, there was a 41.1 per cent slump in the value of shares traded yesterday to N5.5 million from the N9.3 million recorded a day earlier.

However, the number of deals executed during the trading day increased by 31.6 per cent to 25 deals from the 19 deals carried out on Tuesday.

At the close of trading activities, Geo-Fluids Plc remained the most active stock by volume (year-to-date) after selling 1.6 billion units for N3.8 billion, followed by Okitipupa Plc with 751.3 million units valued at N7.7 billion, and Afriland Properties Plc with 296.6 million units worth N5.3 million.

Also, Aradel Holdings Plc remained the most active stock by value (year-to-date) despite its exit from the platform with 108.7 million units worth N89.2 billion, trailed by Okitipupa Plc with 751.3 million units valued at N7.7 billion, and Afriland Properties Plc with 296.6 million units sold for N5.3 billion.