By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange traded flat on Thursday, May 14, 2020, with the market also closing with no advancer or decliner.
Consequently, NASD unlisted securities index (NSI), which recorded a growth at the previous session, remained unchanged yesterday at 688.51 points.
In the same vein, the market size of the unlisted securities on the NASD Exchange, which is captured by the market capitalisation, remained at N505.76 billion.
However, there were movements on the activity chart as the three key indicators pointed north at the close of the trading day.
The volume of shares transacted by investors at the Exchange increased by 20.8 percent or 2,600 units to 15,100 units from the 12,500 units recorded at the previous session.
Also, the value of the stocks traded by market participants during the session increased by 14,671 percent to N4.1 million from the N27,500 traded on Wednesday.
In addition, the number of deals improved by 100 percent or one deal to two deals of Thursday in contrast to the single deal of Wednesday.
A breakdown of the trades showed that the two deals were executed by FrieslandCampina WAMCO Nigeria Plc and Niger Delta Exploration and Production (NDEP) Plc.
A further analysis indicated that while Friesland carried out N12,000 deals, NDEP Plc executed N4.05 million.
At the close of business on Thursday, ARM Life Plc stood firm on the activity chart as the most traded stock by volume (year-to-date) with 7.4 billion units of its shares traded for N4.6 billion. Food Concept Plc was in second place with 110 million units traded for N77 million, while Lighthouse Financial Services Plc followed in third place with 48 million units worth N24 million.
In terms of value of trades (year-to-date), ARM Life Plc still retained the top with a total of 7.4 billion units of irs stocks sold for N4.6 billion. NDEP Plc occupied the second place with 6.8 million units transacted for N2.1 billion, while FrieslandCampina WAMCO Nigeria Plc has traded 2.4 million units worth N292.6 million.
Modupe Gbadeyanka