By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed in the flat territory on Friday, April 24, as the major market barometers retained their previous figures.
At the close of business yesterday, the market capitalisation of the bourse remained at N514.74 billion, while the NASD Unlisted Security Index (NSI) ended the day at 700.73 points.
However, the total volume of trades at the final session of the week rose by 435 percent as 5,348 units of shares exchanged hands compared with the 1,000 units of securities transacted at the preceding session.
The trading volume came from two deals executed by investors at the session. The deals were carried out by energy investment companies, Niger Delta Exploration and Production (NDEP) Plc and Nipco Plc.
Business Post reports that the two firms executed transactions valued at N422,660, higher than the N14,000 worth of securities traded on Thursday in a single deal at the previous session by 2,919 percent.
An analysis of the transactions showed that while stocks of NDEP worth N102,660 were traded yesterday, Nipco traded shares valued at N320,000.
At the close of business on Friday, ARM Life Plc remained the most active stock by volume (year-to-date) at the unlisted securities market.
The insurer has traded 7.4 million units of its shares worth N4.6 billion at the bourse since the beginning of this year. Food Concept Plc was in second place with 110 million units worth N77 million, while Lighthouse Financial Services Plc held the third position with 48 million units of its shares worth N24 million.
When the activity chart is view by the most traded stock by value (year-to-date) ARM Life Plc still maintained the topmost position for trading 7.4 billion units of its shares worth N4.6 billion. It was closely followed by NDEP Plc, which has transacted 6.5 million units of its stocks valued at N2.03 billion, and Central Securities Clearing Systems (CSCS) Plc, which has exchanged 24.2 million units of its securities valued at N287 million.
