By Adedapo Adesanya
The value of shares transacted by investors at the NASD Over-the-Counter (OTC) Securities Exchange further rose on the last trading day of the week on Friday, February 14.
A total of 797,063 stocks worth N162.6 million exchanged hands during the session in 13 deals, compared with the 226,490 securities valued at N25.04 million transacted the previous day in 12 deals.
This indicated that the volume of trades increased on Friday by 252 percent or 570,573 units, while the value of transactions jumped by 549 percent or N137.5 million, with the number of deals rising by 8.33 percent or one deal at the close of business.
However, Business Post reports that despite the improvement in the level of activity yesterday, the key parameters of the market closed flat after finishing in the negative territory on Thursday due to decline posted by Afriland Plc.
At the close of business on Friday, the NASD Unlisted Securities Index (NSI) remained at 697.67 points, while the market capitalisation stood at N501.59 billion.
It was observed that ARM Life Plc closed the session as the most active stock by volume (year-to-date) with 29 million units of its shares traded for N18.3 million at the bourse, while Niger Delta Exploration and Production (NDEP) Plc was in second place with 4.3 million units worth N1.4 billion, with Central Securities Clearing System (CSCS) Plc in third place after trading 4.2 million units of its shares worth N49.7 million.
When this is flipped to the most active equity by value (year-to-date), NDEP occupied the top position with 4.3 million units of its shares worth N1.4 billion traded by investors. It was closely followed by FrieslandCampina Wamco Nigeria Plc, which has transacted a total of 703,393 units of its stocks for N88.4 million at the NASD OTC market, while CSCS Plc, which occupied the third position, has exchanged 4.2 million units of its securities valued at N49.7 million.
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