Adedapo Adesanya
By Adedapo Adesanya
Only three deals were executed at the last trading session of the week at the NASD Over-the-Counter (OTC) Securities Exchange, which further closed flat yesterday.
Business Post observed that only stocks belonging to Central Securities Clearing Systems (CSCS), Air Liquide Plc, and GEO-Fluids Plc were traded at the market on Friday.
The total number of deals carried out at the unlisted securities market yesterday was 75 percent or nine deals lower than the 12 deals recorded at the previous session.
However, there were also no price gainers or price losers during the session as stocks remained their previously quoted prices at the close of business just as the benchmark indices remained unchanged.
According to data obtained by Business Post, the market capitalisation close flat at N503.55 billion, while the NASD Unlisted Security Index (NSI) remained at 700.39 points.
The activity level was not looking good as investors almost stayed away from the market after news hit town that the deadly coronavirus has found its way into Nigeria.
The volume of transactions decreased by 99.9 percent or 7.2 million to 200,056 units from 7.4 million units, while the total value of shares further dipped by 99 percent or N4.59 billion as N2.4 million worth of stocks were traded in contrast to N4.6 billion worth of shares transacted on Thursday at the exchange.
At the end of Friday’s session, ARM Life Plc remained as the most traded stock by volume (year-to-date) with 7.4 billion units of its shares traded for N4.6 billion.
The Central Securities Clearing System (CSCS) Plc was in second place with 10.9 million units traded at N130 million, while the Niger Delta Exploration and Production (NDEP) Plc followed with 5.7 million units traded at N1.8 billion.
In terms of the most traded equity by value (year-to-date), ARM Life Plc still occupied the top spot after selling 7.4 billion units of its shares worth N4.6 million, while NDEP Plc was in second place with 5.7 million units worth N1.8 billion, with FrieslandCampina WAMCO Nigerian Plc in third place for trading 1.02 million units valued at N128 million.
