NASD OTC Exchange Opens Week in Flat Terrain  

September 1, 2020
NASD OTC Exchange

By Adedapo Adesanya

The NASD Over-the-Counter Securities Exchange opened the week in a stalemate on Monday as the key market parameters retained their previous figures.

At the end of the day’s trading, which was the last in the month of August 2020, the NASD unlisted securities index (NSI) remained unchanged at 711.15 points, while the market capitalisation closed at N522.39 billion.

The session saw the total volume of transactions declining by 45.3 per cent to 7,560 units yesterday from the previous session’s 13,817 units of securities traded by investors.

These shares were traded in seven deals executed at the session, three deals or 75 per cent higher than the four deals achieved at the preceding trading session.

It was observed that these deals amounted to N916,689.20, 41.7 per cent higher than the N646,719 printed at the previous session.

Business Post reports that the unlisted securities market recorded no price gainer or loser on Monday as the share price of all the 41 admitted stocks on the exchange remained unchanged.

When market activities were brought to an end yesterday, ARM Life Plc maintained its position as the most active stock by volume (year-to-date), trading 7.4 billion units of its shares worth N4.6 billion. CSCS Plc, which followed, has traded 201 million units worth N2.7 billion, while Food Concept Plc followed has exchanged 125.1 million units valued at N88.1 million.

In terms of the most traded stock by value (year-to-date), ARM Life Plc still retained the top position for transacting 7.4 billion units worth N4.6 billion, while oil investment company, Niger Delta Exploration and Production (NDEP) Plc, has transacted 8.8 million units of securities for N2.7 billion, with CSCS Plc trading 201 million units valued at N2.7 billion.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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