Adedapo Adesanya
By Adedapo Adesanya
Shares worth N12.6 million were transacted by investors at the nation’s unlisted securities market on Tuesday, February 4, 2020, higher than the N1.7 million traded on Monday, representing a 619 percent or N10.9 million increased in the trading value.
Also, the volume of stocks transacted at the NASD Over-the-Counter (OTC) Securities Exchange increased by 38 percent or 12,040 units to 43,740 units from 31,700 units achieved on Monday.
In the same vein, the number of deals executed by traders at the market yesterday improved by one deal or 10 percent as a total of 11 deals were recorded on Tuesday against the 10 deals of the previous trading day.
However, despite the positive outcome of the activity level, the market generally closed flat as key market indicators like the NASD Unlisted Security Index (NSI) and market capitalisation remained unchanged at 697.86 points and N501.79 billion respectively.
Business Post observed that the unlisted securities market closed with share prices of all the 39 admitted companies remained at the previous levels as there were no price gainer or loser.
At the close of transactions on Tuesday, ARM Life Plc remained the most traded stock by volume (year-to-date) with 29 million units of its shares worth N18.3 million traded by investors. Central Securities Clearing System (CSCS) Plc was in second place with 3.1 million units traded at N36.4 million, while UBN Property Company followed in third place with 764,715 units traded at N1.2 million.
In terms of value of the trades (year-to-date), Niger Delta Exploration and Production (NDEP) Plc claimed the top spot with 686,060 units of its stocks sold for N216.6 million. FrieslandCampina WAMCO Nigeria plc came second with 475,992 units transacted for N61.7 million, while CSCS Plc followed in third spot with 3.1 million units worth N36.4 million.
