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Unlisted Stock Market Value Dips Further By 1.61%

The NASD Over-the-Counter Securities Exchange remained in negative territory on Thursday as the market value dipped further by 1.61%, OduNews reports.

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Market Sheds N10bn In Week 36

The fall was a result of a decline in the share price of FrieslandCampina WAMCO Nigeria Plc. It lost N8.00 during the session to close at N73.00 per share compared with the N81.00 per cent it closed a day earlier.

The selling pressure caused the value of the unlisted securities market to go down by N15.62 billion yesterday to N952.57 billion from N968.19 billion as the NASD Unlisted Securities Index (NSI) went down by 11.87 points to 723.61 points from 735.48 points.

The volume of securities traded at the bourse yesterday dived into the sea by 60.9 per cent as investors transacted 63,219 units of securities in contrast to the 161,681 units of securities traded in the midweek session.

Also, the number of deals carried out on Thursday appreciated by 50 per cent to seven deals in contrast to the 14 deals carried out the previous day.

However, the value of shares traded yesterday surged by 178.5 per cent to N8.4 million from the N3.0 million recorded a day earlier.

When the platform closed for the day, AG Mortgage Bank Plc remained the most traded stock by volume on a year-to-date basis with a turnover of 2.3 billion units valued at N1.2 billion, followed by Central Securities Clearing System (CSCS) Plc with the sale of 687.6 million units worth N14.3 billion, and Mixta Real Estate Plc with the sale of 178.1 million units valued at N313.4 million.

The most traded stock by value on a year-to-date basis was still with a turnover of 687.6 million units valued at N14.3 billion, VFD Group Plc was in second place with 27.7 million units valued at N7.4 billion, and the third place was occupied by FrieslandCampina with the sale of 14.3 million units worth N1.7 billion.

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