Adedapo Adesanya
By Adedapo Adesanya
The bear and the bull stayed away from the NASD Over-the-Counter (OTC) Securities Exchange for a second day as the market for unlisted securities ended in the flat territory on Thursday.
The total market value and the unlisted securities index remained at the same levels they closed at the bourse at the previous session on Wednesday, with the market capitalisation and the NASD Unlisted Security Index (NSI) closing respectively at N522.99 billion and 711.96 points.
At yesterday’s session, market participants executed just two deals at the bourse, one more than the single deal recorded at the previous trading day.
The deals were carried out on securities belonging to market hardliners, FrieslandCampina WAMCO Nigeria Plc and the Central Securities Clearing Systems (CSCS) Plc, with both companies sharing one deal each.
These brought about a total exchange of 21,000 units of shares at the bourse during the session, 740 per cent higher than the 2,500 units of securities transacted at Wednesday’s session.
The total value of these transactions rose by 1,062.9 per cent at the session to N407,000 compared to N35,000 transacted previously.
As the market saw no price movement, all the 41 admitted securities retained their previous unit prices.
Insurance company, ARM Life Plc, maintained its position as the most traded securities at the NASD Exchange by volume (year-to-date) with 7.4 billion units of its shares sold for N4.6 billion. It was followed by CSCS Plc, which has traded 201 million units worth N2.7 billion and Food Concept Plc, which has transacted 125.1 million units of its shares valued at N88.1 million.
In terms of the most active stock by value (year-to-date), ARM Life Plc also remained on top of the chart for trading 7.4 billion units of its shares worth N4.7 billion. It was trailed by Niger Delta Exploration and Production (NDEP) Plc, which has transacted 8.8 million units worth N2.7 billion, and CSCS Plc with 201 million units of its securities for N2.7 billion.
