Adedapo Adesanya
By Adedapo Adesanya
The first trading session of the new month of February ended on a flat note on Monday at the NASD Over-the-Counter (OTC) Securities Exchange.
During the session, the major performance indicators remained unchanged as investors stayed on the sidelines to watch happenings at the macroeconomic environment.
At the close of business, the market capitalisation closed at N520.48 billion, while the NASD Unlisted Security Index (NSI) remained at its previously quoted 725.39 points.
However, the activity level reduced as the total volume of securities traded at the session by investors decreased to 17,150 units from 112,542 units of the preceding session, indicating a decline of 84.8 per cent.
Also, the value of shares transacted by market participants went down by 96.6 per cent to N235,290 from the N6.9 million recorded last Friday.
In the same vein, the number of deals depreciated by 77.8 per cent as only two deals were executed on Monday compared with the nine deals carried out at the preceding session.
The day’s deals were executed on the shares of Niger Delta Exploration and Production (NDEP) Plc and UBN Property Plc.
Business Post reports that none of the companies listed on the NASD Exchange recorded a price movement at the close of transactions yesterday.
UBN Property Plc closed the session as the most active stock by volume (year-to-date) with 15.1 million units of its shares worth N16.3 million. FrieslandCampina WAMCO Nigeria Plc was in second place with 1.8 million units worth N222.2 million, while Central Securities Clearing Systems (CSCS) Plc held the third position with 1.4 million units of its shares worth N22.2 million.
However, FrieslandCampina was the most traded stock by value (year-to-date) with the sale of 1.8 million units for N222.2 million. It was followed by Niger Delta Exploration and Production (NDEP) Plc with the sale of 269,146 units valued at N93.4 million, while CSCS Plc has traded 1.4 million units valued at N22.2 million.
