Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange continued its stay in the flat territory on Tuesday, December 14 as the key performance parameters remained unchanged.
At the previous session, the market capitalisation of unlisted equities closed at N604.88 billion, while the NASD Unlisted Security Index (NSI) settled at 732.15 points and at yesterday’s session, these main indicators were unchanged when trading activities were brought to an end.
Following this development, the prices of stocks on the platform remained flat as there were no single price gainers or price losers.
However, the activity level witnessed movements with the volume of transactions depreciating by 98.4 per cent as investors traded 2,000 units compared to the 127,140 units exchanged the previous day.
In the same trend, there was a 99.9 per cent decrease in the total value of shares transacted by traders as N3,900 worth of shares exchanged hands compared to N3.8 million exchanged on Monday.
Also, the number of deals recorded during the session depreciated by 66.7 per cent as there was only a single deal carried out, in contrast, to the three deals executed at the first trading session of the week.
The low trading activity witnessed yesterday is almost a year ritual as investors opt to reduce their input in investment at the bourse and take stock of their trading for the year.
At the close of business, Food Concepts Plc maintained its spot as the most traded stock by volume (year-to-date) with 11.4 billion units of its shares traded for N14.4 billion. Lighthouse Financial Services Plc trailed with 1.1 billion units worth N546.2 million, while Geo Fluids Plc has transacted 1.0 billion units worth N700.1 million.
By the value of trades on a year-to-date basis, Food Concepts Plc was also on top of the chart with the sale of 11.4 billion units worth N14.4 billion. It was followed by Nigerian Exchange (NGX) Group Plc with 456.5 million units valued at N9.2 billion, and VFD Group Plc with 10.4 million units valued at N3.5 billion.
