Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange further depreciated by 0.84 percent on Tuesday, May 12, 2020, the second straight session the market was recording losses.
Data from the exchange showed that the benchmark index of the unlisted securities market, NASD Unlisted Security Index (NSI), decreased by 5.86 points to end the day at 688.32 points from 694.18 points recorded at the previous session.
In the same vein, the market capitalisation shed N4.3 billion to close at N505.62 billion in contrast to N509.92 billion it quoted on Monday.
However, despite the loss recorded at the market yesterday, none of the 39 trading companies on the NASD Exchange recorded a change in their share prices.
On the activity chart, things were in red as the total volume of securities traded by investors on Tuesday depreciated by 46 percent to 9,240 units from 17,250 units of securities traded on Monday.
These transactions came from the four deals executed during the session at the exchange and they all belonged to FrieslandCampina WAMCO Nigeria Plc. At the previous day, the number of deals carried out by the market were eight, representing a decline by 50 percent.
Business Post reports that all the shares of the milk producer amounted to N997,920. This value of transaction was lower than the N2.9 million realised at the previous session by 66 percent.
ARM Life Plc closed the session as the company with the highest number of shares traded (year-to-date) with 7.4 billion units worth N4.6 billion. It was followed by Food Concept Plc, which has transacted 110.0 million units of its stocks worth N77 million, and Lighthouse Financial Service Plc, which has exchanged 48 million units of its shares valued at N24 million.
In terms of the most traded stock by value (year-to-date), ARM Life Plc also topped the chart with 7.4 billion units of its shares worth N4.6 billion. Niger Delta Exploration Production (NDEP) Plc followed with 6.8 million units exchanged for N2.1 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 2.4 million units of its securities valued at N292.5 million.
