NASD OTC Bourse Closes Flat as Trading Value, Volume Drop

November 23, 2022
NASD securities exchange

By Adedapo Adesanya

The key performance indicators of the NASD Over-the-Counter (OTC) Securities Exchange remained intact at the close of transactions on Tuesday, November 22.

Business Post reports that this happened as there was no price gainer or loser at the second session of the week, though the activity chart ended in the red territory.

The market capitalisation of the alternative securities exchange closed at N935.46 billion, while the NASD Unlisted Securities Index (NSI) closed at 711.91 basis points.

But investors traded a total of 32,050 units of securities during the session, in contrast to the 116,264 units of securities transacted in the preceding session, indicating a slump of 72.4 per cent.

Also, the value of shares exchanged by the market participants fell by 70.8 per cent to 2.2 million from the N7.4 million recorded in the previous session.

However, the total number of deals closed upward as 14 transactions were executed yesterday, 180 per cent higher than the five deals completed a day earlier.

When the market closed for the session, AG Mortgage Bank Plc remained the most traded stock by volume on a year-to-date basis with 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with 687.8 million units valued at N14.3 billion, while Lighthouse Financial Services Plc was in third place with 224.7 million units valued at N112.3 million.

In the same vein, CSCS Plc ended the trading day as the most traded stock by value on a year-to-date basis with a turnover of 687.8 million units worth N14.3 billion, VFD Group Plc was in second place with 29.1 million units valued at N7.7 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 16.3 million units valued at N1.8 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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