Adedapo Adesanya
By Adedapo Adesanya
Trading closed in the negative territory on Wednesday at the NASD Over-the-Counter (OTC) Securities Exchange as the market, which had no price gainer, fell by 0.48 per cent.
This was spurred by negative movement in the price of securities belonging to Central Securities Clearing Systems (CSCS) Plc.
As the day’s single loser, CSCS Plc saw a price loss of 50 kobo or 3.57 per cent to close at N14 per share in contrast to N14.50 per share it closed at the previous session.
At the end of the day’s trading, the NASD unlisted securities index (NSI) moved down by 3.4 points to 702.08 points from 705.48 points, while the bourse’s market capitalisation shed N2.5 billion to close at N515.72 billion compared with the previous day’s N518.22 billion.
During the session, the total volume of shares traded by investors was 1.29 million units as against Tuesday’s 109,694 units, indicating a 1,082.3 per cent rise.
The shares were transacted in nine deals during the midweek session at the exchange, the same number of deals recorded the previous day, while the trading value rose by 71.4 per cent to N7.09 million from N4.1 million on Tuesday.
On the activity chart, ARM Life Plc retained the top spot as the most traded stock by volume (year-to-date) yesterday, trading 7.4 billion units of its shares worth N4.6 billion. It was followed by CSCS Plc in second place with 199.9 million units traded at N2.7 billion, while Food Concept Plc occupied the third place after transacting 125.1 million units of its securities 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 at the close of business on Wednesday with a total of 7.4 billion units of its shares transacted for N4.6 billion. CSCS Plc came in second place with 199.9 million units transacted for N2.7 billion, while NDEP Plc was in the third spot with 8.5 million units worth N2.6 billion.
