Adedapo Adesanya
By Adedapo Adesanya
For the first time this week, the NASD Over-the-Counter (OTC) Securities Exchange closed the the last trading session in the flat territory on Friday, June 19.
At the preceding session, the major performance barometers rose by 0.70 percent, but at the close of business yesterday, the total market value and the unlisted securities index remained at the same.
The market capitalisation and the NASD Unlisted Security Index (NSI) both closed at N517.69 billion and 704.76 points respectively.
At yesterday’s session, market participants executed four deals at the bourse, lower than nine deals recorded at the previous trading day.
The deals were carried out on securities belonging to market hardliners, Central Securities Clearing Systems (CSCS) Plc (two deals); FrieslandCampina WAMCO Nigeria Plc; and Niger Delta Exploration and Production (NDEP) Plc.
These deals resulted in the exchange of 9,120 units of shares at the bourse, 82 percent lower than the 50,786 units of securities transacted on Thursday.
These trades were valued at deals N2.2 million, 60.3 percent lower than the N5.5 million worth of stocks transacted during the previous session.
Insurance company, ARM Life Plc, maintained its position as the most traded securities at the NASD Exchange by volume (year-to-date) with 7.4 billion units of its shares sold for N4.6 billion. It was followed by CSCS Plc, which has traded 196 million units worth N2.6 billion, and Food Concept Plc, which has transacted 110 million units of its shares valued at N77 million.
In terms of the most active stock by value (year-to-date), ARM Life Plc also remained on top of the chart for trading 7.4 billion units of its shares worth N4.7 billion. It was trailed by CSCS Plc, which has transacted 196 million units worth N2.6 billion, and NDEP Plc which has exchanged 7.9 million units of its securities for N2.4 billion.
