Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed lower by 0.07 per cent yesterday, Friday, November 4, despite recording no single price advancer or decliner.
Business Post reports that the market capitalisation lost N620 million to close at N948.30 billion as against the previous value of N948.92 billion, as the NASD Unlisted Securities Index (NSI) decreased by 0.47 points to settle at 720.36 points versus Thursday’s 720.83 points.
In the midst of the fall, the trading data showed that there was a rise in the volume, value, and number of securities deals transacted by investors during the final trading session for the week.
According to data from the NASD OTC exchange, the volume of unlisted securities traded by market participants stood at 131,236 units in contrast to the 4,311 units of securities transacted at the preceding session, indicating a jump of 2,944.2 per cent.
Equally, the value of shares exchanged by the market participants appreciated by 161.2 per cent to N1.05 million from N401,015 recorded at the previous session.
The total number of deals executed at the bourse yesterday increased by 66.7 per cent to five deals from the three deals carried out Thursday.
As the market closed for the week, AG Mortgage Bank Plc remained as the most traded stock by volume on a year-to-date basis, with the sale of 2.3 billion units worth N1.2 billion, Central Securities Clearing System (CSCS) Plc also retained the second spot with the sale of 687.8 million units valued at N14.3 billion, while Mixta Real Estate Plc was in third place for trading 178.1 million units valued at N313.4 million.
CSCS Plc maintained its position as the most active stock by value on a year-to-date basis with a turnover of 687.8 million units valued at N14.3 billion, VFD Group Plc was in second place with 29.1 million units worth N7.7 billion, while FrieslandCampina WAMCO Nigeria Plc retained the third place with the sale of 15.1 million units valued at N1.8 billion.
