By Adedapo Adesanya
The NASD over-the-counter (OTC) Securities Exchange recorded no gain or loss on Wednesday, September 28, as weak investors’ appetite weighed in on the market.
During the session, the bourse, which admits unlisted securities, saw the market capitalisation remain at 963.94 billion as the NASD Unlisted Securities Index (NSI) remained intact at 732.25 points.
The midweek’s market data revealed that there was a slump in the units of securities exchanged by investors by 97.7 per cent to 4,361 units from the preceding day’s 189,296 units.
The value of securities traded amounted to N763,435.00 compared with the previous day’s N6.2 million, indicating a decline of 87.7 per cent as the number of deals went down by 77.78 per cent to four deals from the 18 deals carried out a day earlier.
At the close of transactions, AG Mortgage Bank Plc was the most traded stock by volume on a year-to-date basis with the sale of 2.3 billion units worth N1.2 billion, Central Securities Clearing System (CSCS) Plc also retained the second spot with the sale of 687.6 million units valued at N14.3 billion, while Mixta Real Estate Plc was in third place for trading 178.1 million units valued at N313.4 million.
Also, CSCS Plc maintained its position as the most active stock by value on a year-to-date basis 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 worth N7.4 billion, while FrieslandCampina WAMCO Nigeria Plc retained the third place with the sale of 14.3 million units valued at N1.7 billion.
