NASD OTC Exchange’s Key Indicators Remain Flat

NASD OTC Exchange

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed in the flat territory at the end of the first trading session on Monday, July 6 as the market’s key performance indicators remained at their previous levels.

Last Friday, the market capitalisation and unlisted securities index (NSI) ended at N525.65 billion and 716.95 points respectively. At the close of transactions yesterday, both indicators remained unchanged.

However, the volume of shares transacted by investors depreciated by 90.7 percent on Monday to 10,600 units in contrast to 116,404 units of the preceding session.

Also, the value of shares traded by market participants during the trading day reduced by 55.3 percent as shares worth N1.3 million exchanged in hands yesterday at the bourse compared with the N2.8 million recorded last Friday.

In the same vein, there was a 72.7 percent decline in the number of deals carried out yesterday at the unlisted securities market.

According to data from the exchange, only three deals were executed at the NASD OTC market as against the 11 deals of the preceding session.

A breakdown of these deals showed that FrieslandCampina WAMCO Nigeria Plc, Niger Delta Production and Exploration (NDEP) Plc and VFD Group Plc recorded one deal each.

Business Post reports that there were no price gainers or losers on Monday as all the 40 securities admitted to the bourse retained their previous values.

ARM Life Plc closed the session as the most active stock by volume (year-to-date) on Monday with 7.4 billion units of its shares transacted for N4.6 billion. Central Securities Clearing Systems (CSCS) Plc was in second place with 196.8 million units worth N2.6 billion, while Food Concept Plc held the third position with 110 million units of its shares worth N80.5 million.

In terms of the most attractive stock by value (year-to-date), ARM Life Plc also maintained the top spot with 7.4 billion units of its securities traded for N4.6 billion, while CSCS Plc followed with 196 .8 million units exchanged for N2.6 billion, with NDEP Plc trailing after trading 7.9 million units of its securities valued at N2.4 billion.

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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