Adedapo Adesanya
By Adedapo Adesanya
Trading activities resumed at the NASD Over-the-Counter (OTC) Securities Exchange on Tuesday, April 14, 2020.
Last week, the exchange recorded a weekly growth of 0.79 percent, but when investors returned on Tuesday for business, transactions ended flat.
The main performance indicators of the bourse remained unchanged on the first trading session of the week after the Easter holidays.
The market capitalisation ended the day static at N512.89 billion, while the NASD Unlisted Security Index (NSI) remained at at 698.22 points.
However, the number of trades increased yesterday to 80,000 units from 10,200 units traded the previous session, indicating a 684 percent rise.
This came from a single deal executed during the session from FrieslandCampina WAMCO Nigeria Plc. On the last trading day before the break, two deals were transacted at the NASD.
The value of trades increased by 6,030 percent as shares worth N9.44 million exchange hands on Tuesday compared with last Thursday’s N154,000 .
At the close of business on Tuesday, insurance firm, ARM Life Plc, remained the most traded stock by volume (year-to-date) for trading 7.4 billion units of its shares worth N4.6 billion. Food Concept Plc was in second place with 110 million units traded at N77 million while Lighthouse Financial Services Plc followed in third place with 47.7 million units traded at N23.8 million.
In terms of value of trades (year-to-date), ARM Life Plc still retained the top spot with a total of 7.4 billion units worth N4.6 billion. Niger Delta Exploration and Production Plc came in second place with 6.5 million units transacted for N2.03 billion, while FrieslandCampina WAMCO Plc followed in third spot with 2.3 million units worth N279.2 million.
