By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchanged slid by 0.03 per cent on Friday, November 12, despite not recording any price movement.
During the session, the bourse lost N250 million to settle at N939.25 billion compared with the previous day’s value of N939.50 billion, as the NASD Unlisted Securities Index (NSI) went down by 0.19 points to wrap the session at 714.80 points compared with 714.99 points recorded at the previous session.
There was a slide in the volume of securities traded during the session as investors transacted 2,524 units of shares, 100 per cent lower than the 234.9 million units of securities traded in the preceding session.
Also, there was a slump in the value of shares traded yesterday. The total value of equities traded by the market participants stood at N311,522.00, compared with the N139.1 million transacted a day earlier, representing a decline of 99.8 per cent.
These transactions were carried out in seven deals compared with the 11 deals carried out on Thursday, implying a decline of 36.4 per cent.
At the close of trades, AG Mortgage Plc remained the most traded stock by volume on a year-to-date basis with 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with 687.8 million units worth N14.3 billion, while Lighthouse Financial Services Plc was in third place with 224.7 million units valued at N112.3 million.
Business Post reports that the most traded stock by value on a year-to-date basis was still CSCS Plc with 687.8 million units valued at N14.3 billion, VFD Group Plc was in second place for trading 29.1 million units worth N7.7 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with the sale of 15.6 million units valued at N1.8 billion.
Modupe Gbadeyanka