Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed flat on Thursday as the key performance indicators remained unchanged at the close of transactions.
Business Post reports that the flattish outcome put a stop to the recent marginal gains experienced at the NASD OTC securities exchange in the three previous trading sessions.
According to data from the bourse, there was no price gainer or loser at the close of trading activities, as the shares of admitted companies retained their previous prices.
Consequently, the market capitalisation of the alternative securities exchange closed flat at N940.05 billion, while the NASD Unlisted Securities Index (NSI) remained intact at 715.40 points.
However, the activity level recorded movements during the session, as investors traded a total of 31.5 million units of securities, in contrast to the 450,050 units of securities transacted in the preceding session, indicating a surge of 6,907.5 per cent.
In the same vein, the value of shares exchanged by the market participants went higher by 2,879.5 per cent to N26.8 million from the N900,043.00 recorded in the previous session.
Similarly, the total number of deals executed at the market yesterday moved higher by 150 per cent to five deals from the two deals quoted in the preceding market day.
When the exchange closed for the day, Geo-Fluids Plc was on top of the activity table as the most traded stock by volume (year-to-date) with 344.8 million units valued at N343.7 million, trailed by UBN Property Plc with 324.8 units valued at N274.3 million, and VFD Group Plc with 7.2 million units valued at N1.6 billion.
Also, VFD Group Plc ended the trading session as the most traded stock by value (year-to-date) with a turnover of 7.2 million units worth N1.6 billion, followed by Geo-Fluids Plc with the sale of 344.8 million units worth N343.7 million, and UBN Property Plc with the sale of 324.8 million units valued at N274.3 million.
