Again, NASD OTC Exchange Closes in Flat Territory

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed flat again on Wednesday, October 19, with the prices of stocks on the platform remaining unchanged at the close of transactions.

Business Post reports that the unlike the previous session on Tuesday, trading barometers were higher yesterday.

However, key performance indicators were flat, with the market capitalisation retaining the previous value of N961.94 billion and the NASD Unlisted Securities Index (NSI) still intact at 730.73 points.

In the midst of the stalemate, the trading data showed that there was a reduction in the volume and value of securities transacted by investors during the trading session.

According to data from the NASD OTC exchange, the volume of unlisted securities traded by market participants stood at 401,878 units in contrast to the 9,322 units of securities transacted in the preceding session, indicating a surge of 4,211.1 per cent.

Equally, the value of shares exchanged by the market participants appreciated by 794.1 per cent to N11.8 million from N1.3 million recorded at the previous session.

The total number of deals executed at the bourse yesterday showed that investors carried out 11 deals, 266.7 per cent more than the three deals published on Tuesday.

As the market closed, there was no price movement as all admitted securities retained their previous unit prices.

AG Mortgage Bank Plc remained as 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 Systems (CSCS) Plc also retained the second spot with the sale of 687.7 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.

CSCS Plc maintained its position as the most active stock by value on a year-to-date basis with a turnover of 687.7 million units valued at N14.3 billion, VFD Group Plc was in second place with 29.1 million units worth N7.7 billion, while FrieslandCampina WAMCO Nigeria Plc retained the third place with the sale of 14.5 million units valued at N1.7 billion.