Adedapo Adesanya
By Adedapo Adesanya
The performance of the NASD Over-the-Counter (OTC) Securities Exchange remained flat in the second trading day of the week, with the key barometers closing at their previous levels.
At the close of transactions, the market capitalisation remained at N497.33 billion, while the NASD Unlisted Securities Index (NSI) finish at 692.24 points, the same as Monday.
However, the volume of shares traded by investors during the day further went down to 7,895 units from the 71,085 units recorded at Monday’s session, signifying a decline of 88.9 percent.
Also, the total value of shares recorded decline into the second day of the week’s trading session by 87.3 percent or N789,702.50 to N115,072.50 from N904,775 worth of shares transacted previously.
Amid this, the Exchange recorded a total of 4 deals, the same number of deals that were executed at the previous session on Monday. The market also did not record any price gainer or loser.
Food Concept Plc, with 1,158,828,284 units valued at N844 billion, was the most traded stock on the NASD Exchange by volume (year-to-date), while UBN Properties, with a total of 941,318,597 units worth N1.27 billion, occupied the second spot.
In terms of the most transacted equity by value (year-to-date), Central Securities Clearing System (CSCS) Plc claimed the top spot yesterday with 202,272,698 units worth N2.53 billion transacted, while UBN Properties maintained the second position with 884,529,600 units of its stocks sold for N1.2 billion.
