By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed flat on Wednesday, February 24, with the key performance indicators remaining unchanged.
Business Post reports that the market capitalisation of the NASD OTC Exchange retained the previous value of N624.97 billion, while the NASD Unlisted Securities Index (NSI) remained intact at 733.06 points.
The stalemate witnessed yesterday came even as trading data showed a reduction in the volume, value and number of deals carried out at the bourse by traders.
Investors traded a total of 4,079 units of securities in contrast to 6.7 million units of securities transacted at the preceding session, indicating a fall of 99.9 per cent.
The value of shares exchanged by the market participants also depreciated, this time by 99.1 per cent to N528,231.30 from the N59.4 billion published at the bourse at the Tuesday session.
In the same vein, the total number of deals executed went down by 42.8 per cent as eight deals were performed at the exchange as against the 14 deals printed at the preceding session.
The unlisted securities market closed the midweek session with no single price gainer or price loser as prices of stocks on the platform remained unchanged.
The most traded stock at the close of business by volume on a year-to-date basis was Central Securities Clearing Systems (CSCS) Plc with 655.8 million units valued at N13.8 million. NASD Plc in second place has so far traded 13.4 million units of its stocks valued at N139.2 million, while Food Concepts Plc was in third place with the sale of 4.0 million units valued at N3.2 million.
CSCS Plc was also the most traded stock by value on a year-to-date basis with a turnover of 655.8 million units worth N13.8 million, followed by VFD Group Plc with the same of 916,161 units of its stocks valued at N331.5 million, and Friesland Campina WAMCO Nigeria Plc with 2.0 million units valued at N249.1 million.
Modupe Gbadeyanka