Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange moved up by 2.04 percent into the positive zone at the wrap of trading activities on Monday, March 9, 2020.
This was despite poor performance recorded by Central Securities Clearing System (CSCS) Plc, which was the only stock that had a price movement at the bourse. The security went down by 13 kobo from N12 per share to N11.87 per share.
However, its loss did not stop the NASD Unlisted Security Index (NSI) from moving up by 2.04 percent or 14.14 points to 706.93 points from 692.79 point published last Friday.
It also could not block the way of the market capitalisation, which advanced by N10.2 billion or 2.04 percent to N508.25 billion from N498.09 billion it finished at the previous session.
But the activity level reduced yesterday, with the total volume of trades down by 98 percent or 108.2 million units to 2.6 million units of securities from the 110.8 million units achieved last Friday.
In the same vein, the value of shares transacted by traders dropped at the Monday’s session by 73 percent or N121.8 million to N44.6 million from N166.4 million at the previous trading day.
However, the total number of deals executed improved during the session by 85 percent or 11 deals as a total of 24 deals were achieved compared with 13 deals of last Friday.
Out of the total 24 deals, the day’s only loser carried out the highest, 16 deals. It was followed by FrieslandCampina WAMCO Nigeria and Niger Delta Exploration and Production (NDEP) Plc, which executed three deals each, while Afriland Plc and Nipco Plc executed one deal each.
ARM Life Plc remained as the most active stock by value (year-to-date) with 7.4 billion units worth N4.6 billion. Food Concept Plc followed on the list with 110 million units of its stocks sold for N77 million, while CSCS Plc has transacted 14.9 million units worth N171.7 million.
As the most active stock by volume (year to date), ARM Life Plc topped the chart with 7.4 billion units valued at N4.6 billion. NDEP Plc followed on the log with 5.9 million units worth N1.9 billion, while FrieslandCampina WAMCO Nigeria Plc has traded 1.7 million units valued at N210.3 million.
