Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed flat on Friday, September 16 as key performance indicators remained unchanged.
Business Post reports that this happened despite the presence of a price gainer and a price loser.
Afriland Properties Plc recorded a 1 kobo gain to close at N1.22 per share compared with the previous day’s N1.21 per share, while NASD Plc lost 1 kobo to end the week at N12.50 per unit in contrast to Thursday’s N12.51 per unit.
But despite these price changes, the market capitalisation of the NASD Exchange retained the previous value of N975.57 billion as the NASD Unlisted Securities Index (NSI) remained unchanged at 741.08 points.
During the trading day, investors traded a total of 10.1 million units of securities in contrast to the 178.8 million units of securities transacted in the preceding session, indicating a fall of 94.4 per cent.
Equally, the value of shares exchanged by the market participants depreciated by 99.5 per cent to N1.6 million from N12.3 million recorded at the previous session.
However, the total number of deals executed went up by 20 per cent as 12 deals were performed at the exchange as against the 10 deals printed at the Thursday session.
AG Mortgage Bank Plc finished the trading day as the most traded stock by volume on a year-to-date basis with the sale of 2.3 billion units worth N1.2 billion, Central Securities Clearing System (CSCS) Plc also retained the second spot with the sale of 687.5 million units valued at N14.3 billion, while Mixta Real Estate Plc was in third place for trading 178.1 million units valued at N313.4 million.
CSCS Plc maintained its position as the most active stock by value on a year-to-date basis with a turnover of 687.5 million units valued at N14.3 billion, VFD Group Plc was in second place with 27.7 million units worth N7.4 billion, while FrieslandCampina WAMCO Nigeria Plc retained the third place with the sale of 14.3 billion units valued at N1.7 billion.
