Central Securities Clearing System (CSCS) Plc crashed the NASD Over-the-Counter (OTC) Securities Exchange by 0.42 per cent on Monday, September 1.
This happened the price of the Nigerian securities depository company went down by N4.00 on the first trading session of the new month to N41.00 per unit from the N45.00 per unit it ended on the last trading day of August.
As a result, the market capitalisation of the platform weakened by N9.15 billion to N2.156 trillion from N2.165 trillion and the NASD Unlisted Security Index (NSI) lost 15.19 points to close at 3,604.70 points, in contrast to last Friday’s 3,619.89 points.
Business Post reports that the bourse recorded three securities gained weight during the trading session, with Nipco Plc rising by N26.40 to finish at N290.40 per share versus the previous trading day’s N264.00 per share.
Further, FrieslandCampina Wamco Nigeria Plc gained N2.54 to settle at N68.00 per unit compared with N65.46 per unit, and Industrial and General Insurance (IGI) Plc chalked up 7 Kobo to end at 73 Kobo per share versus 66 Kobo per share.
Yesterday, the volume of securities decreased by 62.9 per cent to 3.1 million units from the previous session’s 8.5 million units, the value of securities dipped by 11.7 per cent to N9.2 million from N10.4 million, and the number of deals closed south by 56.8 per cent to 16 deals from 37 deals.
At the close of business, Okitipupa Plc was the most traded stock by value on a year-to-date basis with 158.7 million units worth N5.9 billion, followed by Air Liquide Plc with 507.3 million units worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 44.5 million units valued at N1.9 billion.
IGI Plc also remained as the most traded stock by volume on a year-to-date basis with 1.2 billion units transacted for N413.6 million, trailed by Impresit Bakolori Plc with 536.9 million units sold for N524.8 million, and Air Liquide Plc with 507.3 million units valued at N4.2 billion.