Adedapo Adesanya
By Adedapo Adesanya
The first trading session on the floor of the NASD Over-the-Counter (OTC) Securities Exchange after the Christmas break closed flat on Friday, December 27, 2019.
The federal government had declared as public holidays Wednesday, December 25 and Thursday, December 26, to celebrate Christmas and Boxing Day respectively and because of this announcement, the market was shut for the two days.
But when it resumed yesterday, the major market indices ended the way they opened for business for the day, with the NASD Unlisted Security Index (NSI) remaining at 697.54 points, while the market capitalisation settled at N501.14 billion.
However, there were changes in the trading volume, transactions value and the number of deals transacted by investors during the session at the unlisted securities market in Nigeria.
The volume of shares exchanged by investors increased on Friday by 235,346 units equivalent to 132.3 percent to 413,260 units from 177,914 units exchanged at the previous session.
In the same vein, the value of these securities transacted by investors went up by N21 million or 419.3 percent to N25.9 million from N4.9 million recorded on Thursday.
Similarly, the total number of deals executed by market participants during the session at the NASD Exchange appreciated by 433.3 percent to 16 deals from the three 3 deals executed at the Christmas eve session.
Business Post reports that just like in the previous sessions this week, the market ended Friday’s session with no single price gainer or price loser.
Central Securities Clearing System (CSCS) Plc still remained the most traded stock by value (year-to-date) with 202,272,698 units worth N2.53 billion, while UBN Properties followed with 884,529,600 units valued at N1.2 billion.
But when this is flipped to the most active stock by volume (year to date), then Food Concept Plc occupied the first position with 1,158,949,954 units of its stock sold for N844.1 million. It was trailed by UBN Properties with 941,821,197 units worth N1.27 million.
