By Adedapo Adesanya
The total value of transactions achieved on the floor of the NASD Over-the-Counter (OTC) Securities Exchange increased by 105 percent on Tuesday, March 3, 2020.
According to data from the exchange, securities worth N33.2 million were transacted yesterday, higher than N16.2 million traded at the previous session by N17 million.
However, this was not enough to impact on the general performance of the market as the key indicators remained unchanged for the 10th consecutive session on Tuesday.
Business Post reports that the NASD Unlisted Security Index (NSI) still remained at 700.39 points at the close of transactions yesterday, just as the market capitalisation closed flat at N503.55 billion.
However, there was a drop in total volume of shares traded at the exchange on Tuesday. During the trading session, investors traded a total of 210,600 units of shares, lower than 1.3 million units of securities transacted at the previous session. This indicated that the trading volume reduced by 83 percent or 1.1 million units.
Similarly, the total number of deals executed yesterday dropped by three or 33.33 percent to six deals from nine deals on Monday. A breakdown of the transactions showed that Afriland Plc recorded four deals, while Central Securities Clearing Systems (CSCS) Plc and Niger Delta Exploration and Production (NDEP) Plc had one deal each.
Like in the previous trading days, the unlisted securities market closed with no price gainer or loser.
At the close of business on Tuesday, ARM Life Plc remained as the most traded stock by volume (year-to-date) with 4.6 billion units of its shares worth N7.4 billion. CSCS Plc was in second place with 12.2 million units traded at N139.2 million, while NDEP Plc followed with 5.8 million units traded for N1.8 billion.
In terms of the most traded security by value (year-to-date), ARM Life Plc still held the top spot with 4.6 billion shares sold for N7.4 billion. NDEP Plc followed with 5.8 million shares traded for N1.8 billion, while CSCS has transacted 12.2 million units valued at N139.2 million.
Dipo Olowookere