Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded no movement on Thursday, November 26. It was the second time this week and the second straight sessions.
As a result of this standstill, the market capitalisation of the bourse remained at N547.06 billion, while the NASD Unlisted Security Index (NSI) remained unchanged at 735.99 points.
However, the activity chart recorded movements in different directions as the total volume of securities traded at the session by investors decreased by 44.6 per cent following the 303,000 units of securities exchanged compared with the 546,731 units transacted by market participants on Wednesday.
But the value of the transactions increased by 583.9 per cent due to the N2.7 million worth of securities traded by investors at the session in contrast to the previous day’s N394,981.02.
It was observed that the number of deals executed on Thursday sadly reduced by 44.4 per cent as only five deals were carried out as against the nine deals recorded during the midweek trading session.
At the of business, ARM Life Plc was the company with the highest number of shares traded by investors at the NASD Exchange (year-to-date) due to the 7.4 billion units of its shares worth N4.6 billion exchanged at the bourse in the period under review.
Central Securities Clearing Systems (CSCS) Plc was in second place with 204.6 million units worth N2.7 billion, while Food Concepts Plc held the third position with 152.1 million units of its shares worth N109.4 million.
Equally, ARM Life Plc was the most traded equities by value (year-to-date) as a result of the 7.4 billion units of its securities traded for N4.6 billion. Niger Delta Exploration and Production (NDEP) Plc came next in line with 10.9 million units of its securities valued at N3.4 billion, while CSCS has traded 204.6 million units of its securities valued at N2.7 billion in the period under consideration.
