Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange maintained its position in the flat territory on Wednesday, October 7, as all 41 admitted securities at the market remained at their previous values.
At the midweek session, the NASD Unlisted Security Index (NSI) remained static at 726.93 points while the market capitalisation remained fixed at N533.98 billion.
Though the key market performance indicators recorded no movement, the activity chart had a mixed movement during the trading session.
The volume of stocks transacted by investors moved north by 1,293.6 per cent as a total of 732,388 shares exchanged hands during the session, higher than the 52,550 units transacted at the market on Tuesday.
In the same pattern, transactions worth N77.1 million were carried out at the unlisted securities market in contrast to the N5.7 million worth of shares traded a day before, representing a surge by 1,244.9 per cent.
However, the number of deals executed by investors faced southwards by 37.5 per cent to five deals from eight deals of the previous day.
The deals were executed on securities belonging to FrieslandCampina WAMCO Nigeria Plc (four deals) and VFD Group Plc (one deal).
ARM Life Plc, at the close of business on Wednesday, remained as the most active stock by volume (year-to-date) with 7.4 billion units of its shares traded for N4.6 billion. Central Securities Clearing Systems (CSCS) Plc trailed with 203 million units which amounted to N2.7 billion while Food Concepts Plc was in third place with 128.1 million units traded at N90.2 million.
In terms of the most traded equity by value (year-to-date), ARM Life Plc still maintained the top position for trading 7.4 billion units worth N4.6 billion. Niger Delta Exploration and Production Plc trailed with 10.4 million units transacted for N3.2 billion, while CSCS Plc traded 203 million units worth N2.7 billion.
