NASD Exchange Records no Price Movement Friday

February 1, 2020
NASD Exchange bullish

By Adedapo Adesanya

Though the value of shares transacted by investors at the NASD Over-the-Counter (OTC) Securities Exchange on the last trading day of the week on Friday, January 31 increased, the prices remained unchanged as there were no price advancer or decliner when trading activities were brought to an end for the week.

In addition, the market traded flat during the session as the major performance indices retained their previous levels, with the NASD Unlisted Securities Index (NSI) remaining at 698.56 points and the market capitalisation closing at N502.29 billion.

However, the level of activity closed mixed, with the volume of securities traded by investors going down and the value of shares exchanged by traders going up as well as the number deals executed in the day.

Business Post reports that the trading volume went down by 29 percent or 217,136 units to 533,129 units from 750,265 units recorded the previous trading day, while the transaction value increased by 129 percent or N17.4 million to N30.9 million from N13.5 million, with the number of deals growing by three or 50 percent to nine deals from six deals achieved on Thursday.

ARM Life Plc closed the session as the most traded security by volume (year-to-date) with 29 million units of its shares traded for N18.3 million, while Central Securities Clearing System (CSCS) Plc was in second place with 3.0 million units worth N36.2 million, with UBN Property Company in third position with 764,715 units valued at N1.2 million.

In terms of the most active stock by value (year-to-date), Niger Delta Exploration and Production (NDEP) remained on top of the log with 646,905 units worth N204.5 million, while FrieslandCampina Wamco Nigeria followed with 457,757 units exchanged for N59.7 million, with CSCS Plc trading 3.0 million units of its securities sold for N36.2 million.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Leave a Reply

Crude Oil Export Sales
Previous Story

Oil Further Sheds Over 1%, OPEC Considers Quick Intervention 

Meristem Stockbrokers Limited
Next Story

Stockbrokers Announce Hike in NSE Transaction Charges

Latest from Economy

Don't Miss