NASD OTC Exchange Closes Mixed

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed mixed on Monday, with the unlisted securities index closing at 720.36 basis points, and the market capitalisation losing 0.18 per cent at the close of transactions.

Business Post reports that the value of the bourse went down by N1.73 billion during the session to settle at N946.57 billion compared with the last Friday’s N948.30 billion.

Also, the activity chart was mixed as investors traded a total of 73,646 units of securities yesterday, in contrast to the 131,236 units of securities transacted in the preceding session, indicating a slump of 43.9 per cent.

However, the value of transactions increased by 299.9 per cent to 4.2 million from N4.2 million, while the number of deals depreciated by 20 per cent to four deals from the five deals recorded in the previous session.

The market was without a price gainer and a price loser at the close of business.

AG Mortgage Bank Plc remained the most traded stock by volume (year-to-date) with the sale of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with 687.8 million units valued at N14.3 billion, while Mixta Real Estate Plc was in third place with 178.1 million units valued at N313.4 million.

CSCS Plc ended the day as the most active stock by value (year-to-date) with the sale of 687.8 million units worth N14.3 billion, VFD Group Plc was in second place with 29.1 million units valued at N7.7 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 15.2 million units valued at N1.8 billion.