NASD Market Capitalisation Remains at N498bn Friday

December 15, 2019
NASD Market capitalisation

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed the final trading day of the week flat for the second straight day on Friday, December 13, 2019.

Both the market capitalisation and NASD Unlisted Security Index (NSI remained at the same levels they were at the close of the previous trading day on Thursday.

The market capitalisation of unlisted securities on the exchange closed at N498.04 billion, while the index finished at 693.22 points.

However, the volume of the transactions recorded at the final trading session for the week decline for a second consecutive trading session, going down by 82.9 percent or 183,133 units to 37,800 units from 220,933 units.

In the same vein, the value of shares traded during the session on Friday went down by 99.3 percent or N45.1 million to N316,609 from N45.4 million recorded on Thursday.

Also, the total of number of trades executed by investors at the market in the day went down by two deals as a total of seven deals were recorded compared with the nine deals achieved at the previous trading session.

Business Post reports that the NASD OTC Exchange closed the session with no movement in price. All prices of stocks on the platform ended at the same level hey opened the market.

Also, at the close of transactions, Food Concept Plc remained the most active stock by volume (year to date) with 1,158,797,004 units valued at N844 billion, while UBN Properties also remained in second position with 941,319,697 units worth N1.27 billion.

In addition, in terms of the most transacted security by value (year-to-date), Central Securities Clearing System (CSCS) Plc maintained the top spot with 202,272,698 units worth N2.53 billion, while UBN Properties followed on the list with 884,529,600 units of its stocks sold for N1.2 billion.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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