NASD OTC Exchange Records Stalemate Monday

January 26, 2021
NASD OTC Exchange

By Adedapo Adesanya

The new week at the NASD Over-the-Counter (OTC) Securities Exchange started in stalemate on Monday, January 25.

This was because the major performance indicators finished flat at the close of transactions at the unlisted securities market in Nigeria yesterday.

As a result, the market capitalisation of the bourse closed at N529.09 billion, while the NASD Unlisted Security Index (NSI) remained unchanged at 737.39 points.

However, the activity chart witnessed movements during the session as the number of shares transacted by investors reduced by 64.9 per cent as only 12,607 units of securities exchanged hands on Monday as against the 35,915 units transacted by market participants at the preceding session.

Also, the value of the trades depreciated yesterday by 93.3 per cent as securities worth N228,565 was traded by investors in contrast to the N3.4 million worth of stocks recorded last Friday.

But the number of deals executed during the trading day remained flat at 11, with Air Liquide Plc accounting for nine deals and FrieslandCampina WAMCO and Niger Delta Exploration and Production (NDEP) Plc sharing the remaining two deals.

When trading activities were halted for the day on Monday, the unlisted securities market was without a price mover as the equity price of all the companies admitted on the exchange retained their previous values.

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. Central Securities Clearing Systems (CSCS) Plc was in second place with 1.4 million units worth N22.1 million, while FrieslandCampina held the third position with 676,913 units of its shares worth N83.9 million.

Also, NDEP Plc remained as the most traded stock by value (year-to-date) with the sale of 247,954 units of its securities valued at N86.2 million. FrieslandCampina followed with 676,913 units of its securities valued at N83.9 million, while CSCS has traded 1.4 million units valued at N22.1 million.

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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