NASD OTC Stays Flat as Volume of Trades Rises 4,876% Thursday
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange further closed unchanged on Thursday like the previous trading day as both the NASD Unlisted Security Index (NSI) and market capitalisation remained remaining at their previous levels.
However, there were changes in the other market indicators yesterday.
At the close of business on Thursday, the market capitalisation of the NASD Exchange closed at N502.64 billion, the same amount it recorded on Monday and Wednesday, while the NSI also stayed flat at the 699.63 points it recorded previously on Wednesday.
However, the volume of trades which had been declining in the past sessions, significantly increased 4,876 percent or 85,336 units to finish at 87,086 units against the 1,750 units transacted on Wednesday.
In the same vein, the total value of transactions improved yesterday by 4,911 percent or N11.1 million to N11.3 million from N226,000.
Also, total number of deals executed by investors during the session to six from three on Wednesday.
Meanwhile, Food Concept Plc remained at the top of trades by volume (year to date) chart with transactions of 1,158,797,004 units of its shares valued at N843.97 billion, while UBN Properties followed with 891,085,220 units worth N1.21 billion.
Central Securities Clearing System (CSCS) Plc in terms of value (year-to-date) took the top position with 202,272,698 units worth N2.53 billion, while UBN Properties followed with 884,529,600 units of its stocks sold for N1.2 billion.