Adedapo Adesanya
By Adedapo Adesanya
The main market gauges of the NASD Over-the-Counter (OTC) Securities Exchange remained unchanged on Friday, November 15, 2019, despite improvements in the level of activity.
Business Post reports that both the NASD Unlisted Security Index (NSI) and market capitalization closed the same way they finished on Thursday, with the former finishing at 714.21 points and the latter at N513.12 billion.
Notwithstanding this, the total volume and value of trades alongside number of deals executed, which all ended in the negative territory on Thursday, all rose at the final trading day of the week.
According to data from the trading platform of NASD Exchange, the total volume of shares transacted by investors, which dropped to 500 units at Thursday’s session, rose by 240 percent or 1,200 units to 1,700 units on Friday.
Also, the total value of trades transacted by investors, which depreciated to N62,000 at the previous session, increased yesterday by 115.24 percent or N71,449 to N133,449.
In addition, the total number of deals executed during the session recorded an upward trend, rising by 600 percent or six deals to seven deals after the close of Friday’s transactions from one deal executed on Thursday.
In terms of the most traded stock by value (year-to-date), Central Securities Clearing System (CSCS) Plc retained on top of the log, trading 202,272,698 units worth N2.53 billion, while UBN Properties followed with 884,529,600 units of its stocks sold for N1.2 billion.
On the other hand, Food Concept Plc kept its spot on the chart of most traded security by volume (year to date) with a total transaction of 1,158,828,284 units valued at N844 billion, while UBN Properties followed with 921,841,397 units valued at a total of N1.24 billion.
Business Post reports that by the time activities were wrapped up on the trading platform of NASD Exchange on Friday, there were no price gainer or loser as stocks remained at their previous levels.
