Adedapo Adesanya
By Adedapo Adesanya
The key performance indicators of the NASD Over-the-Counter (OTC) Securities Exchange remained intact at the close of transactions on Wednesday, April 5.
Business Post reports that the flat outcome came as there was no price gainer or loser at the midweek session as the market capitalisation of the alternative securities exchange closed at N1.022 trillion while the NASD Unlisted Securities Index (NSI) remained at 738.73 points.
However, the activity recorded movements yesterday, though broadly higher, as investors traded a total of 4,712 units of securities, in contrast to the 271,824 units of securities transacted in the preceding session, indicating a slump of 98.3 per cent.
The value of shares exchanged by the market participants depreciated during the trading day by 97.8 per cent to N443,610.00 from the N20.6 million recorded in the previous session.
In the same vein, the total number of deals carried out on Wednesday declined by 61.5 per cent to five deals from the 13 deals quoted in the preceding market day.
Geo-Fluids Plc remained the most traded stock by volume on a year-to-date basis with 801.1 million units worth N1.2 billion, UBN Property Plc stood in second place with 365.8 units valued at N309.5 million, while Industrial and General Insurance (IGI) Plc was in third place with 91.2 million units valued at N6.7 million.
on the flip side, the most traded stock by value on a year-to-date basis remained VFD Group Plc with 10.4 million units worth N2.3 billion, it was closely followed by Geo-Fluids Plc with the sale of 801.1 million units worth N1.2 billion, and UBN Property Plc with a turnover of 365.8 million units valued at N309.5 million.
