NASD OTC Bourse Docks in Flat Territory at Midweek

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed the midweek session, on Wednesday, July 27, in the flat territory as the key performance indicators remained unchanged.

Business Post reports that the market capitalisation of the NASD OTC bourse retained the previous value of N1.021 trillion, while the NASD Unlisted Securities Index (NSI) remained unchanged at 775.80 basis points.

The stalemate witnessed at the session came as there was no price advancer or decliner, though the activity chart witnessed some movements.

At the close of transactions, investors traded a total of 5,312 units of securities in contrast to the 159,075 units of securities transacted in the preceding session, indicating a drop of 96.7 per cent.

Likewise, the value of shares exchanged by the market participants dropped by 96.3 per cent to N581,320.40 from the N15.8 million recorded in the previous session.

Also, the total number of deals closed downward by 65 per cent as seven deals were executed compared with the 20 deals carried out a day earlier.

In the stalemate, AG Mortgage Plc remained the most traded stock by volume (year-to-date) with 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with 682.5 million units worth N14.2 billion, while Food Concepts Plc was in third place with 146.5 million units valued at N127.1 million.

The most active stock by value (year-to-date) remained CSCS Plc with 682.5 million units exchanged for N14.2 billion, VFD Group Plc was in second place with 11.1 million units worth N3.3 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 13.4 million units valued at N1.6 billion.