Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange on Wednesday, September 2 recorded no movement in the market capitalisation and the NASD Unlisted Security Index (NSI).
When trading activities were halted for the day, the bourse’s market capitalisation remained intact at N521.14 billion, while the NSI was flat at 709.45 points.
This occurred as the total volume of transactions reduced by 96.7 per cent during the session to 1,636 units of securities from the 49,753 units of stocks recorded at Tuesday’s session.
Also, the trading value of the day decreased by 79.4 per cent as trades valued at N490,800 were achieved compared with the previous day’s N2.4 million.
Furthermore, the number of deals executed at the midweek session reduced significantly by 85.71 per cent as only a deal occurred compared with Tuesday’s seven deals. The day’s deal was on Niger Delta Exploration and Production (NDEP) Plc.
At the close of business, the market recorded no price gainer or loser.
Yesterday, ARM Life Plc remained as the most active stock by value (year-to-date) at the NASD OTC market. The insurer has transacted 7.4 billion units of its securities worth N4.6 billion since the market resumed trading this year. It was followed by NDEP Plc, which has traded 8.8 million units of its stocks for N2.7 billion and Clearing Securities Clearing Systems (CSCS) Plc, which has exchanged N201.1 million units valued at N2.7 billion.
In terms of the most traded stock by volume (year-to-date), ARM Life Plc similarly surpassed other securities with 7.4 billion units of its shares worth N4.6 billion, while CSCS Plc followed for trading 201.1 million units worth N2.7 billion, with Food Concept Plc followed in third place for selling 125.1 million units valued at N88.1 million.
