By Adedapo Adesanya
There were no trading activities on the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Thursday as investors embarked on ‘strike’.
This may have been triggered by a low appetite to trade any of the equities in their portfolio.
As a result of the inactivity at the unlisted securities market during the session, the benchmark indices remained at their previous levels.
For instance, the NASD market capitalisation closed the day at N529.39 billion, while the NASD Unlisted Security Index (NSI) stood at 720.69 points.
Recall that on Wednesday, the market printed a 0.81 per cent growth, which was the first appreciation in the present trading week as the two previous sessions ended in the negative territory.
In the global economy, investors are keeping an eye on the presidential elections in the United States and from the feelers, it looks like President Donald Trump will not be returning to the White House.
Reports of a possible violence if he loses the poll is giving some investors something to worry about and the world economy is on the edge. It is not certain if investors at the NASD are holding their stocks to monitor how the US polls will affect the Nigerian economy.
But at the close of business yesterday, ARM Life Plc remained the highest traded stock by value (year-to-date) with 7.4 billion units of securities traded for N4.6 billion. It was trailed by the Niger Delta Exploration and Production (NDEP) Plc, which has traded 10.4 million units of its securities valued at N3.2 billion and Central Securities Clearing Systems (CSCS) Plc, which has transacted 203.5 million units valued at N2.7 billion.
In terms of the most traded stock by volume (year-to-date), ARM Life Plc also remained on top of the table for trading 7.4 billion units of its shares worth N4.6 billion, while CSCS Plc was in second place for trading 203.5 million units worth N2.7 billion, with Food Concepts Plc transacting 128.1 million units of its shares worth N90.2 million.
