Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed flat on Thursday, May 21 despite a marginal increase in the trading volume.
Business Post reports that the market capitalisation of the NASD Exchange retained the previous value of N542.95 billion, while the NASD Unlisted Security Index (NSI) remained unchanged at 763.84 points.
The stalemate witnessed yesterday came even as the Nigerian Exchange (NGX) Group Plc recorded a 3.8 per cent or 83 kobo growth to close at N22.05 per share as against N21.22 per share it closed at the previous session.
However, the gains could not impact the general outcome of the bourse on Thursday.
At the close of transactions, investors traded a total of 3.8 million units of securities in contrast to the 3.7 million units of securities transacted at the midweek session, indicating a rise of 2.3 per cent.
Equally, the value of shares exchanged by the market participants appreciated by 3.9 per cent to N81.5 million from N78.4 million recorded at the previous session.
However, the total number of deals executed went down by 9.5 per cent as 38 deals were performed at the exchange as against the 52 deals printed on Wednesday.
These deals were executed on NGX Group with 30 deals, Afriland Properties and Central Securities Clearing Systems (CSCS) Plc recorded three deals each, while FrieslandCampina WAMCO Nigeria Plc and UBN Property Plc carried out a single deal each.
In terms of the most traded stock by volume on a year-to-date level, NGX Group was on top for transacting 216.3 million units for N4.9 billion. Swap Technologies & Telecomms Plc was in second place for exchanging 46.6 million units worth N41.0 million, while CSCS Plc held the third position for trading 27.4 million units worth N421.8 million.
Also, in terms of the most traded stock by value on a year-to-date basis, NGX Group topped the chart with 216.3 million units traded for N4.9 billion. Niger Delta Exploration and Production (NDEP) Plc remained in the second spot with 2.5 million units valued at N763.8 million, while Friesland managed the third spot with 4.4 million units valued at N559.2 million.
