NASD Exchange Equity Market Size Remains at N510.44bn
By Adedapo Adesanya
Trading activities at the NASD Over-the-Counter (OTC) Securities Exchange closed flat on Wednesday, April 29, a day after closing negative.
This situation left the NASD Unlisted Securities Index (NSI) and the market capitalisation remaining at 694.88 points and N510.44 billion respectively.
However, there was an increase in the volume of shares exchanged by investors at the midweek session as it rose by 594 percent to 172,124 units from 24,800 units previously exchanged.
In addition, the value of transactions recorded at the bourse on Wednesday grew by 1,590 percent to N48.8 million from N2.9 million achieved on Tuesday.
Furthermore, the number of deals recorded at the market yesterday increased by 67 percent or two to five from the three recorded on Tuesday.
These deals were carried about by Niger Delta Exploration and Production (NDEP) Plc (two deals), FrieslandCampina WAMCO Nigeria Plc (two deals), and Central Securities Clearing System (CSCS) Plc with a single deal.
ARM Life Plc closed on Wednesday as the most traded stock by volume (year-to-date) with 7.4 billion units of its shares traded for N4.6 billion. Food Concept Plc was in second place with 110 million units traded at N77 million, while Lighthouse Financial Services Plc occupied the third place with 48 million units traded at N24 million.
In terms of the most traded equity by value (year-to-date), ARM Life Plc still retained the top with a total of 7.4 billion units of its securities transacted for N4.6 billion. NDEP Plc came in second place with 6.7 million units valued at N2.1 billion, while CSCS Plc followed in third spot with 24.2 million units worth N287.1 million.