Adedapo Adesanya
By Adedapo Adesanya
Transactions closed at the NASD Over the Counter (OTC) Securities Exchange on Tuesday with both the index and market capitalisation recording marginal drops.
Data harvested from the NASD platform revealed that the NSI went down by 0.01 percent or 0.04 points to close at 704.15 points against its previous 704.19 points, while the market capitalization fell by 0.01 percent or N30 million to settle at N505.88 billion in contrast to N505.91 billion it ended on Monday.
Other parameters at the market had a different outcome as they all registered huge increases in comparison to quotes at the previous trading session.
Total volume of trades which dropped at Monday’s session, took a different turn on Tuesday as it skyrocketed by over 49,544 percent or 24,425,262 units to 24,474,562 units against the 49,300 units traded on Monday.
Following the same trend was the total value of trades, which rose by 148.57 percent or N21.4 million to N35.8 million on Tuesday from N14.4 million achieved on Monday.
Not left out of this was the total deals executed by investors at the market, which also rose significantly in comparison to Monday’s numbers by 280 percent as a total of 19 deals were executed yesterday compared to five deals recorded on Monday.
However, this run of luck didn’t extend to Friesland Campina Wamco Plc, whose share prices dropped on Tuesday to N128.10 after losing 3 kobo or 0.02 percent from previously trading price of 128.13 per share.
Food Concept Plc with a total transaction of 1,158,797,004 units valued at N843.97 billion was at the top of trades position by volume (year to date) while UBN Properties followed with 891,085,220 units worth N1.21 billion.
Central Securities Clearing System (CSCS) Plc also remained top in terms of value by year-to-date with 202,272,698 units worth N2.53 billion transacted from the beginning of this year till yesterday, with UBN Properties following on the list with 884,529,600 units of its stocks sold for N1.2 billion.
