Adedapo Adesanya
By Adedapo Adesanya
Trading activities resumed on the floor of the NASD over-the-counter (OTC) Securities Exchange on Tuesday, March 22 after investors snubbed the market on Monday.
However, the market was marred by low patronage as investors are still taking their time to decide what to do with securities in their portfolios.
According to data from the exchange, the major performance indicators of the trading platform showed no movement as they remained static at the close of transactions.
The market capitalisation of the NASD Exchange stood at N586.46 billion while the NASD Unlisted Securities Index (NSI) remained unchanged at 710.19 points.
As for the level of activity, investors traded a total of 1,124 units of securities valued at N139,938 in one single deal and at the close of business, there was no price gainer or loser.
Central Securities Clearing System (CSCS) Plc ended the session as the most traded stock by volume on a year-to-date basis with 658.8 million units valued at N13.8 billion, followed by AG Mortgage Plc with 36.1 million units of its stocks valued at N18.8 million, and NASD Plc with 32.4 units valued at N321.0 million.
The most traded stock by value on a year-to-date basis was also CSCS Plc with a turnover of 658.8 million units worth N13.8 million, trailed by VFD Group Plc with 916,161 units valued at N331.5 million, and NASD Plc with 32.4 million units valued at N321.0 million.
