Adedapo Adesanya
By Adedapo Adesanya
The volume of transactions recorded at the NASD Over-the-Counter (OTC) Securities Exchange decreased on Monday as interest of investors on equities on the exchange continue to decline.
At the market yesterday, the trading volume went down by 30.2 percent or 30,815 units to 71,085 units from the 101,900 units transacted at the exchange last Friday.
Also, the value of the trades dipped by 96.9 percent equivalent to N28.1 million during the trading session to N904,775 after closing at the previous session at N29.0 million.
In the same vein, the total number of deals recorded on Monday declined to 4 deals compared with 7 deals recorded at the previous session.
However, the major market parameters remained at their last quoted points, with the market capitalisation closing yesterday at N497.33 billion and the NASD Unlisted Security Index (NSI)at 692.24 points.
Also, there was no price gainer or price loser during the day.
Central Securities Clearing System (CSCS) Plc still remained at the top spot in terms of value by year-to-date with 202,272,698 units worth N2.53 billion, while UBN Properties followed on the list with 884,529,600 units of its stocks sold for N1.2 billion.
For the most traded stock by volume (year to date), the position was still held on Monday by Food Concept Plc with 1,158,828,284 units valued at N844 billion, while UBN Properties increased to 941,318,597units worth N1.27 billion, taking the second spot.
