Adedapo Adesanya
By Adedapo Adesanya
Transactions ended at the NASD Over the Counter (OTC) Securities Exchange on Thursday, September 26, 2019 with key market parameters remaining flat for the second consecutive day.
Both the NASD Security Index (NSI) and market capitalization remained unchanged at 505.88 points and N505.88 billion respectively.
However, the total volume of trades rose on Thursday after it dropped at the mid-week trading session. Today, this moved up by over 1,462 percent or 7,488,139 units to 8,000,200 units of shares against 512,061 units traded on Wednesday.
But the total value of the transactions, which appreciated yesterday, went down today by 97.27 percent or 142.5 million to N4 million from N146.5 million on Wednesday.
During the trading session, the market recorded a total of two deals compared with nine deals of yesterday, indicating a decline by 77.78 percent.
The top of trades position by volume (year to date) was still held by Food Concept Plc with a total transaction of 1,158,797,004 units valued at N843.97 billion, while UBN Properties followed with 891,085,220 units worth N1.21 billion.
Central Securities Clearing System (CSCS) Plc also retained top spot 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.
