NASD Exchange Market Cap Falls to N501.73bn

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By Adedapo Adesanya 

It was a mixed outcome at the mid-week session on the floor of the NASD Over-the-Counter (OTC) Securities Exchange as there was a drop in the market capitalisation,while the NASD Unlisted Security Index (NSI) remained flat.

The bourse’s market capitalisation fell marginally by 0.01 or N60 million to settle at N501.73 billion compared with N501.79 billion it quoted at the previous session, while the NSI remained at 697.86 points.

At the Wednesday’s session, the total volume of shares traded by investors were 3.5 million units, 3.4 million units or 7,791 percent higher than the figures of the previous session, 43,740 units.

Also, at the previous session, the value of transactions recorded at the exchange rose from N12.6 million to N957.3 million, indicating an increase by 7,517 percent or N944.7 million, while the number deals executed during the session remained at 11 deals, with the market ending with no price gainer or loser.

It was observed that ARM Life Plc still remained as the most active stock by volume (year-to-date), trading 29 million units of its shares worth N18.3 million, while Niger Delta Exploration and Production (NDEP) Plc followed with 3.6 million units transacted for N1.2 billion, with Central Securities Clearing System (CSCS) Plc in third place with 3.5 million units exchanged for N41.3 million.

In terms of value of the trades (year-to-date), NDEP Plc maintained its position as the most active security for selling 3.6 million units of its stocks valued at N1.2 billion, becoming the first company to trade over N1 billion worth of securities this year.

FrieslandCampina WAMCO Nigeria Plc kept the second position with 501,319 units transacted for N64.5 million, while CSCS Plc followed in third spot with 3.5 million units worth N41.3 million.

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