By Adedapo Adesanya
Trading activities at the unlisted securities market in Nigeria closed flat on Tuesday with the major market indicators maintaining their previous numbers.
During transactions at the NASD Over-the-Counter (OTC) Securities Exchange yesterday, the market capitalisation closed at N533.98 billion, while the NASD Unlisted Security Index (NSI) ended at 726.93 points.
However, the trading volume at the second session for the week decreased by 18.5 per cent to 52,550 units from the previous session’s 64,491 units.
But this was not the same scenario with the trading value, which increased on Tuesday by 48.1 per cent to N5.7 million from N3.9 million recorded on Monday.
Equally, the number deals executed by investors during the session increased by two or 33.3 per cent to eight deals from six deals executed the previous day.
These deals were made on three securities led by FrieslandCampina WAMCO Nigeria Plc which published five deals. The Niger Delta Exploration and Production (NDEP) Plc recorded two deals while Central Securities Clearing Systems (CSCS) Plc accounted for a single deal.
Business Post reports that the market registered no price advancer or price decliner when the trading activities were brought to an end for the day.
The most active stock by volume (year-to-date) remained ARM Life Plc, which has traded 7.4 billion units of its shares worth N4.6 billion. CSCS Plc was in second place with 203 million units of its securities worth N2.7 billion, while Food Concept Plc held the third position with 128.1 million units of its shares worth N90.2 million.
Also, ARM Life Plc retained its position as the company with the highest value of traded equities (year-to-date) with 7.4 billion units of its securities traded for N4.6 billion. NDEP Plc came next with 10.4 million units of its securities exchanged for N3.2 billion while CSCS Plc sat in the third place for selling 203 million units valued at N2.7 billion.
Dipo Olowookere