NASD Exchange Closes Flat Despite Rise in Transaction Value

December 24, 2019
NASD Unlisted Securities Index

By Adedapo Adesanya

The value of shares transacted by investors at the NASD Over-the-Counter (OTC) Securities Exchange on the first trading day of the new week increased on Monday, December 23, 2019 despite the market closing flat.

Business Post reports that the key parameters of the market remained unchanged yesterday when compared with the figures quoted by the two major indicators last Friday.

At the close of business, the NASD Unlisted Securities Index (NSI) remained at 697.54 points, while the market capitalisation stayed static at N501.14 billion, the same way it was at the previous session.

However, the transaction value significantly increased on Monday by 932.6 percent or N121.4 million to N134.4 million from N13.0 million recorded last Friday at the exchange.

Similarly, the trading volume increased during the session by 61.4 percent to 415,000 units from 257,207 units transacted by investors at the previous trading day at the market.

But there was a decline in the number of deals executed on Monday by traders at the NASD Exchange as only two deals were executed compared with 10 deals achieved last Friday.

The market registered no price gainer or loser when trading activities were brought to an end on yesterday.

The most traded stock by volume (year to date) still remained Food Concept Plc with 1,158,949,954 units valued at N844.1 million, while UBN Properties Plc followed with 941,820,697 units worth N1.27 million.

In terms of the most active stock by value (year-to-date), Central Securities Clearing System (CSCS) Plc was first on the list on Monday with 202,272,698 units worth N2.53 billion, while UBN Properties followed with 884,529,600 units of its stocks sold for N1.2 billion.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Leave a Reply

opec oil output
Previous Story

Possible Ease in Oil Output Cuts Drives Prices Higher

insurance industry
Next Story

How Finance Bill Will Boost Earnings of Insurance Companies

Latest from Economy