NASD OTC Bourse Ends Week in Flat Territory

By Adedapo Adesanya

There was a stalemate at the NASD Over-the-Counter (OTC) Securities Exchange on Friday, August 16, with the market capitalisation remaining unchanged at N2.029 trillion and the NASD Unlisted Security Index (NSI) intact at 1,481.00 points like in the previous session.

This happened after the share prices of companies admitted on the unlisted securities market remained unchanged at the close of business yesterday.

However, the volume of securities traded at the bourse slumped by 72.1 per cent to 46,385 units from the 165,934 units transacted a day earlier.

Equally, the value of securities bought and sold by the market participants depreciated during the session by 62.7 per cent to N42.3 million from N113.5 million.

These transactions were executed in 20 deals, in contrast to the 42 deals carried in the preceding trading day, representing a decline in the number of deals by 52.4 per cent.

Aradel Holdings Plc finished the last trading day of the week as the most active stock by value on a year-to-date basis with a turnover of 9.6 million units valued at N31.8 billion, with Afriland Properties Plc occupying the second position for transacting 292.8 million units worth N5.2 billion, and Central Securities Clearing System (CSCS) Plc in third spot after selling 105.8 million units for N2.5 billion.

Afriland Properties Plc closed the session as the most traded stock by volume on a year-to-date basis with the sale of 292.8 million units for N5.2 billion, as Capital Hotels Plc retained the second spot with a turnover of 259.6 million units worth N1.3 billion, and Industrial and General Insurance (IGI) Plc claimed the third position with the sale of 218.8 million units valued at N46.1 million.