By Adedapo Adesanya
Unlisted securities admitted on the trading platform of the NASD Over-the-Counter (OTC) Securities Exchange extended their stay in the flat territory on Friday, February 26.
On the preceding trading day, stocks on the exchange closed flat and yesterday, they remained unchanged as none of them recorded any price movement.
As a result, the total value of securities at the OTC market, which is measured by the market capitalisation, remained static at N512.24 billion, while the NASD Unlisted Security Index (NSI) ended at 713.91 points, the same level it was at the previous trading session.
However, there were movements on the activity chart as the volume of securities transacted by investors at the bourse dropped again by 15.6 per cent to 4,220 units on Friday from the 4,998 units recorded on Thursday.
Equally, the value of transactions dropped by 51.5 per cent as the market participants to traded securities worth N321,600 compared to N662,700 of the previous day.
But the number of deals executed by the traders increased by 200 per cent to six deals in contrast to the two deals carried out a day earlier.
These deals were executed on FrieslandCampina WAMCO Nigeria Plc (five deals) and Central Securities Clearing Systems (CSCS) Plc (one deal).
By the time the market closed for the day and week, the company with the highest number of shares traded by investors on a year-to-date basis was UBN Property Plc with the sale of 15.5 million units valued at N16.8 billion. CSCS Plc was in second place with 4.7 million units worth N73.2 million, while FrieslandCampina held the third position with 2.3 million units worth N285.1 million.
On the other hand, FrieslandCampina ended the session as the most traded stock by value (year-to-date) with 2.3 million units valued at N285.1 million. Niger Delta Exploration and Production (NDEP) Plc trailed with 604,249 units of its securities valued at N196 million, while CSCS Plc has traded 4.7 million units worth N73.2 million.
Modupe Gbadeyanka