Adedapo Adesanya
By Adedapo Adesanya
The final trading session of the week at the NASD OTC Securities Exchange closed flat on Friday, September 13, 2019 as the major market indicators remained the same as Thursday’s.
For example, the market capitalisation closed at N514.61 billion, the same amount it was the previous session, while the NASD Unlisted Security Index (NSI) ended at 716.33 points, the same recorded on Thursday.
For the third consecutive trading day, the volume of the transactions recorded went down at the market and this time, by 90.63 percent or 112,240 units to settle at 11,610 units against 123,850 units published on Thursday.
In the same vein, the value of the traded securities went down by 86.59 percent or N7.7 million to finish at N1.2 million in contrast to N8.97 million recorded in the previous session.
However, Friday’s trading recorded a total of nine deals, an increase from five deals executed on Thursday, representing an 80 percent rise. This was the highest number of deals recorded in the trading week.
Food Concept Plc still remained at the top of trades by volume (year to date) with transactions of 1,158,797,004 units valued at N843.97 billion, while UBN Properties followed with 891,085,220 units worth N1.21 billion.
In terms of value by year-to-date, Central Securities Clearing System (CSCS) Plc took the top spot with 202,272,698 units worth N2.53 billion transacted from the beginning of this year till yesterday, while UBN Properties followed with 884,529,600 units of its stocks sold for N1.2 billion.
