By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed Thursday’s trading session in a stalemate after the major performance indices of the unlisted securities market remained unchanged at the close of transactions.
Business Post reports that the flat outcome came as there was no price gainer or loser, with investors stepping on the brake pedal and observing how this weekend’s governorship election turns out.
This resulted in a decline in the level of activity yesterday, as the volume of transactions declined by 82.9 per cent due to the 33,396 units of securities transacted by investors, in contrast to the 195,512 units of securities transacted in the preceding session.
In the same vein, the value of shares exchanged by the market participants went down during the session by 98.8 per cent to N193,846.40 from the N15.9 million recorded in the midweek session.
The total number of deals reported on Thursday went down by 55.6 per cent as traders executed the transactions in four deals as against the nine deals carried out in the preceding market day.
At the close of business, Geo-Fluids Plc remained the most traded stock by volume on a year-to-date basis with a turnover of 425.1 million units valued at N448.5 million. UBN Property Plc stood in second place with 365.8 units valued at N309.5 million, while NRMC Plc was in third place with 25 million units valued at N137.5 million.
In the same vein, VFD Group Plc was the most traded stock by value on a year-to-date basis after it traded 7.2 million units worth N1.7 billion, Geo-Fluids Plc was in second position with 344.8 million units worth N448.5 million, while UBN Property Plc was in third place with 365.8 million units valued at N309.5 million.
As for the key market indices, the NASD Unlisted Securities Index (NSI) remained unchanged at 728.79 points, and the value of the bourse was intact at N957.64 billion due to the stalemate.
Dipo Olowookere