NASD OTC Market Ends Week Flat, Volume Rises 1,069% on Friday
By Adedapo Adesanya
The NASD Over-the-Market (OTC) Securities Exchange closed on Friday, November 1, 2019 flat with the market capitalization and NASD Unlisted Securities Exchange (NSI) remaining at the previous levels.
However, other parameters rose at the end of the week’s transactions.
The market capitalization, which closed flat on Thursday, retained the same value that was quoted at N502.37 billion, while the NSI also saw no changes at 699.25 points it recorded previously.
But the volume of trades, which dropped on Thursday to 7,127 units, significantly increased last Friday by 1,069 percent or 32,043 units to 39,170 units, while the value of the transactions increased by 228 percent or N2.05 million to N2.95 million from the N897,085 transacted at the previous session.
In addition, the total number of deals recorded during the trading day also went up, this time from 3 to 7 deals.
The last trading session of the week ended with no single price gainer of loser.
On the the most traded equity chart by volume (year to date), Food Concept Plc kept its spot with a total transaction of 1,158,828,284 units valued at N N844.0 billion, while UBN Properties followed with 921,841,397 units worth N1.24 billion.
Central Securities Clearing System (CSCS) Plc retained top position in terms of value by year-to-date with 202,272,698 units worth N2.53 billion transacted from the beginning of this year till date, with UBN Properties following on the list with 884,529,600 units valued for N1.2 billion.