Adedapo Adesanya
By Adedapo Adesanya
The key performance indicators of the NASD Over-the-Counter (OTC) Securities Exchange remained unchanged at the close of business on Wednesday, November 30.
Business Post reports that there was neither a price gainer nor a price loser at the midweek trading session, and this left the market capitalisation of the alternative bourse intact at N923.76 billion, as the NASD Unlisted Securities Index (NSI) also closed flat at 702.76 basis points.
However, the activity chart witnessed a sharp movement during the session as the volume of transactions declined by 98.5 per cent due to the 14,508 units of securities traded by investors, in contrast to the 961,465 units of securities transacted a day earlier.
Similarly, the value of shares exchanged by the market participants went down by 97.3 per cent yesterday as a result of the N657,435.75 worth of stocks traded compared with the N24.4 million worth of stocks traded on Tuesday.
Furthermore, the number of deals carried out by traders on the last trading day of the month of November decreased by 55.6 per cent due to the four deals completed by investors as against the nine deals executed in the preceding market day.
When trading activities ended for the day, AG Mortgage Bank Plc maintained its position as the most active stock by volume on a year-to-date basis with a turnover of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with the sale of 687.8 million units worth N14.3 billion, while Lighthouse Financial Services Plc was in third place with a turnover of 224.7 million units valued at N112.3 million.
Also, CSCS Plc retained its spot as the busiest stock by value on a year-to-date basis with the sale of 687.8 million units worth N14.3 billion, followed by VFD Group Plc with the sale of 29.1 million units valued at N7.7 billion, and FrieslandCampina WAMCO Nigeria Plc with a turnover of 16.8 million units worth N1.9 billion.
