Adedapo Adesanya
By Adedapo Adesanya
Investors still held back to weigh the risks of putting their money on securities trading on the NASD Over-the-Counter (OTC) Securities Exchange on Thursday, October 22.
Business Post reports that for another trading day, the unlisted securities market end in a stalemate as the value of all the stocks on the exchange maintained their previous levels.
In the same vein, the benchmark performance indicators remained unchanged when market activities were brought to an end yesterday.
According to data from the exchange, the NASD Unlisted Securities Index (NSI) remained flat at 717.10 points, while the market capitalisation recorded no movement as it ended the day at N526.76 billion.
However, the level of activity depreciated on Thursday as the trading value reduced by 99.9 per cent to N1,350 from the N2.6 million worth of securities traded on Wednesday.
In the same vein, the total volume of securities transacted at the session went down by 94.9 per cent as 1,000 units were exchanged compared with the 19,900 units transacted the prior trading day.
These trades were carried out in a single deal, 50 per cent lower than the two deals achieved on Wednesday.
ARM Life Plc maintained the top position on the activity chart as the most attractive stock by volume (year-to-date) after trading 7.4 billion units of its shares worth N4.6 billion. Central Securities Clearing Systems (CSCS) Plc was in second place for transacting 203.1 million units worth N2.7 billion, while Food Concepts Plc held the third position after exchanging 128.1 million units of its shares valued at N90.2 million.
Also, ARM Life Plc remained as the company with the most traded stock by value (year-to-date) for transacting 7.4 billion units of its securities valued at N4.6 billion. It was followed by Niger Delta Exploration and Production (NDEP) Plc, which has transacted 10.4 million units worth N3.2 billion and CSCS Plc, which has exchanged 203.1 million units of its securities valued at N2.7 billion.
