Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed flat on Monday, with the key performance indicators remaining unchanged at the close of transactions.
Business Post reports the NASD Unlisted Securities Index (NSI) did not move an inch from the preceding day’s 766.92 points as the market capitalisation of the exchange retained the previous value of N1.010 trillion.
This standstill witnessed yesterday occurred as the unlisted securities market recorded no single price gainer and loser as the prices of securities on the platform retained their previous values.
However, the activity level witnessed a change as investors traded a total of 306,929 units of securities in contrast to the 3.0 million units of securities transacted in the previous session (on Friday), indicating a drop of 89.9 per cent.
Equally, the value of shares exchanged by the market participants depreciated by 88.5 per cent to N5.3 million from N45.6 million recorded in the previous session.
In the same pattern, the total number of deals executed went down by 30 per cent as seven deals were performed at the exchange as against the 10 deals printed last Friday.
AG Mortgage Bank Plc retained its position as the most traded stock by volume (year-to-date) with the sale of 2.3 billion units valued at N1.2 billion, while Central Securities Clearing System (CSCS) Plc stood in second place with a turnover of 682.5 million units worth N14.2 billion, with Food Concepts Plc in third place after trading 146.5 million units valued at N127.2 million.
On the flip side, CSCS Plc ended the session as the most traded stock by value (year-to-date) with the sale of 682.5 million units of its stocks worth N14.2 billion, followed by VFD Group Plc with the sale of 11.1 million units of its securities worth N3.3 billion while FrieslandCampina WAMCO Nigeria Plc occupied the third place for transacting 13.4 million units of its shares valued at N1.6 billion.
