NASD Ends in Stalemate Despite 1,054% Rise in Trading Volume

By Adedapo Adesanya

The first trading session of the new week closed in the flat territory on Monday as the key performance indicators at the NASD Over-the-Counter (OTC) Securities Exchange remained unchanged at the close of business.

Business Post reports that the market capitalisation of the NASD Exchange retained the previous value of N960.88 billion, while the NASD Unlisted Securities Index (NSI) remained unchanged at 729.92 basis points.

The stalemate witnessed at the session came as there was no price advancer or decliner at the week’s opening session.

At the close of transactions, investors traded a total of 461,806 units of securities in contrast to the 40,000 units of securities transacted in the preceding session, indicating a surge of 1,054.5 per cent.

However, the value of shares exchanged by the market participants dropped by 82.3 per cent to N1.3 million from the N7.2 million recorded in the previous session.

Also, the total number of deals closed downwards by 37.5 per cent as only five transactions were executed, in contrast to the eight deals quoted in the preceding market day.

AG Mortgage Plc remained the most traded stock by volume (year-to-date) with a turnover of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc followed with 687.8 million units worth N14.3 billion, and Mixta Real Estate Plc was in third place with 178.1 million units valued at N313.4 million.

Also, CSCS Plc was the busiest stock by value (year-to-date) for trading 687.8 million units worth N14.3 billion, VFD Group Plc was in second place with 29.1 million units valued at N7.7 billion, and FrieslandCampina WAMCO Nigeria Plc was in third place with 14.5 million units valued at N1.7 billion.