Adedapo Adesanya
By Adedapo Adesanya
Transactions on the NASD Over-the-Counter (OTC) Securities Exchange closed flat on Tuesday, December 31, 2019, with the major market parameters retaining their previous levels.
The market capitalization finished at N501.14 billion at the last trading day of the year, while the NASD Unlisted Security Index (NSI) remained unchanged at 697.54 points as recorded at Monday’s trading session.
However, the level of activity continued its free fall during the New Year eve trading session as the volume of shares transacted by investors reduced by 96.5 percent or 318,082 units to 11,600 units from 329,682 units traded on Monday.
In the same vein, the value of transactions during the session went down to 91.1 percent equivalent to N13.2 million from N14.5 million on Monday to N1.3 million on Tuesday.
In addition, the total number deals executed by traders at the exchange went down yesterday by 71.43 percent or five deals to two deals compared with the seven deals achieved on Monday. Like in the previous session, the NASD Exchange closed the year with no price gainer nor loser as all securities on the platform retained their previous closing prices.
Central Securities Clearing System (CSCS) Plc retained its position as the bourse’s most traded stock by value (year-to-date) with 202,272,698 units worth N2.53 billion, while UBN Properties followed with 884,529,600 units exchanged for N1.2 billion.
However, Food Concept Plc, held the forte as the market’s most traded stock by volume (year to date) with 1,158,949,954 units sold for N844.1 million, while UBN Properties followed with 941,821,197 units worth N1.27 million.
