By Adedapo Adesanya
Trading activities on the floor of the NASD Over-the-Counter (OTC) Securities Exchange closed in a stalemate on Friday as the major performance indicators remained unchanged.
As a result, the market capitalisation of the NASD OTC exchange closed flat at N616.99 billion while the NASD Unlisted Security Index (NSI) remained static at 746.80 points.
Business Post reports that the unlisted securities market ended the session with no price gainer and price loser as share prices of all securities on the exchange maintained their previous day’s closing value. This is the first time the market was witnessing such a scenario in a long time.
However, the activity chart witnessed changes as the volume of shares transacted by investors during the trading day went down by 99.9 per cent as a total of 200,000 units of securities were traded in contrast to the 755.5 million units of securities exchanged at the preceding trading session.
Equally, the value of shares exchanged by the market participants plunged by 99.4 per cent as they traded N2.4 million compared with the N382.7 million recorded at the previous session.
These transactions, according to data from the bourse, were executed in three deals, 40 per cent lower than the five deals carried out by investors at the preceding session.
Food Concepts Plc was the most active stock by volume (year-to-date) at the close of business yesterday as it has traded 11.4 billion units of its shares for N14.4 billion. Lighthouse Financial Services Plc jumped into the second spot after trading 1.1 billion units valued at N546.1 million, while third place was occupied by Geo Fluids Plc with a turnover of 1.0 billion units worth N700 million.
Also, Food Concepts Plc was the most traded stock by value (year-to-date) with the sale of 11.4 million units of its securities for N14.4 billion. Nigerian Exchange (NGX) Group Plc remained in the second spot with 456.4 million units of its securities valued at N9.2 billion, followed by VFD Group Plc with 10.4 million units worth N3.5 billion.
