By Adedapo Adesanya
There was a no rise or fall at the NASD Over-the-Counter (OTC) Securities Exchange at Wednesday’s trading session (November 6) as key market parameters ended flat after recording gains on Tuesday.
The market capitalization remained closed at N505.14 billion when market activities wrapped up yesterday, while the NASD Unlisted Securities Index (NSI) remained at the previous level, 703.11 points.
However, other market parameters ended the day facing south. Leading the pack was the total volume of transactions recorded at the market, while the value of the trades trailed, with the number of deals executed by investors also going down.
Business Post reports that the volume of transactions dropped by 91.8 percent or 768,070 units during the midweek session to 68,430 units compared with 836,500 units recorded in the previous trading session.
In the same vein, the total value of shares transacted at Wednesday’s session depreciated by N15.8 million or 94.7 percent to N881,040 in contrast to N16.7 million quoted on Tuesday.
Following the same pattern, the number of deals at midweek session also took a hit as it went down by 62.5 percent to 3 from 8 deals which were executed previously.
Meanwhile, Food Concept Plc still held the market’s top of trades position by volume (year to date) with a total share of 1,158,828,284 units valued at N844.0 billion, while UBN Properties followed with 921,841,397 units worth N1.24 billion.
While Central Securities Clearing System (CSCS) Plc has the top trades by value (year to date) with 202,272,698 units worth N2.53 billion, UBN Properties followed on the list with 884,529,600 units of its securities sold for N1.2 billion.
Modupe Gbadeyanka