By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed flat on Thursday, December 2, with the prices of all securities on the platform remaining unchanged.
Business Post reports that the NASD Unlisted Security Index (NSI) remained intact at the close of the transactions at 744.12 points, while the market capitalisation of the exchange retained its previous value of N614.77 billion.
The stalemate occurred amidst a heavy drop in the total volume and value of stocks traded by investors at the NASD OTC market.
At the close of trades, market participants exchanged a total of 6,688 units of securities in contrast to the 20.0 million units of securities transacted at the previous session, indicating a plunge of 99.9 per cent.
Equally, the value of shares transacted by investors slid by 97.9 per cent to N356,563.60 from N16.8 million recorded at the previous session.
In the same pattern, the total number of deals executed went down by 50 per cent as four deals were performed at the exchange as against the six deals printed on Wednesday.
With no sign of wavering, Food Concepts Plc still remained as the most active stock on a year-to-date basis as it has exchanged 11.4 billion units of its shares for N14.4 billion. Lighthouse Financial Service Plc has traded 1.1 billion units valued at N546.2 million to occupy second place, while Geo Fluids Plc in third place has transacted 1.0 billion units worth N700.1 million.
Also, Food Concepts Plc maintained its position as the most traded stock (year-to-date) with a turnover of 11.4 billion units of its securities valued at N14.4 billion. It was followed by Nigerian Exchange (NGX) Group Plc with the sale of 456.5 million units worth N9.2 billion, and VFD Group Plc, which has transacted 10.4 million units valued at N3.5 billion.
Modupe Gbadeyanka