By Adedapo Adesanya
It was a stalemate at the NASD Over-the-Counter (OTC) Securities Exchange on Friday after the major performance indicators remained unchanged at the close of transactions.
For instance, the NASD unlisted securities index (NSI) closed flat at 720.02 points, while the market capitalisation remained at N528.90 billion.
An analysis of the day’s proceedings showed that the activity level was weak and dull yesterday as only one single trade was executed, 12 deals or 92.3 per cent lower than the 13 deals executed previously and the lone deal was carried out on Nipco Plc shares.
From data harvest by Business Post, only 51,418 units of stocks were traded in the session, 96.1 per cent lesser than the 1.33 million units transacted at Thursday’s session.
In terms of the value of the transaction for the day, it amounted to N3.3 million, 84.2 per cent lower than the N21.1 million recorded the previous day.
At the close of business, the unlisted securities market ended Friday’s session with no price gainer or loser as the equity price of all the 41 admitted securities remained at their previous levels.
One of the leading insurance companies, ARM Life Plc, maintained its position as the most traded securities at the NASD Exchange by volume (year-to-date) with 7.4 billion units of its shares sold for N4.6 billion. It was followed by Central Securities Clearing Systems (CSCS) Plc, which has traded 202.9 million units worth N2.7 billion and Food Concept Plc, which has transacted 125.1 million units of its shares valued at N88.1 million.
In terms of the most active stock by value (year-to-date), ARM Life Plc also remained on top of the chart for trading 7.4 billion units of its shares worth N4.7 billion. It was trailed by Niger Delta Exploration and Production (NDEP) Plc, which has transacted 8.8 million units worth N2.7 billion and CSCS Plc, which has exchanged 202.9 million units of its securities for N2.7 billion.
more recommended stories
Investors Lose N113bn as Blood Flows to Stock Market
By Dipo Olowookere The stock market.
NNPC Lauds Completion of OB3 Gas Pipeline Project
By Adedapo Adesanya The Nigerian National.
NASD OTC Exchange Records 0.05% Growth
By Adedapo Adesanya The bulls returned.
Naira Gains 0.06% at I&E on 72.9% Drop in Daily FX Turnover
By Adedapo Adesanya The Naira appreciated.
Oil Rises Amid Progress in US Stimulus Deal
By Adedapo Adesanya Oil futures closed.
Nigerian Stock Exchange Denies Hacking of Website
By Dipo Olowookere The management of.
Essential Skills of Master Traders
Trading is one of the most.
PenCom Urges RSAs to Participate in Data Recapture Exercise
By Adedapo Adesanya The National Pension.