NASD OTC Trades Flat as Transaction Value Rises 280% Thursday
By Adedapo Adesanya
After returning to positive territory on Wednesday, the NASD Over-the-Counter (OTC) Securities Exchange closed flat on Thursday, October 31, 2019 as key market parameters remained unchanged.
Business Post reports that at the close of transactions yesterday, the NASD Unlisted Securities Index (NSI) stood static at 699.25 points, the same level it was the previous day. In the same vein, the second major market gauge, the market capitalization, stayed glued at N502.37 billion.
However, the value of transactions recorded at the market for unlisted securities in Nigeria significantly increased on Thursday by 280 percent or N 661,372 to N897,085 in contrast to N235,713 worth of shares recorded previously.
But the volume of trades posted by investors at the session declined by 68 percent to drop to 3,350 units after it saw a drop equivalent of 7,127 units from 10,477 units.
In the same vein, the total number of deals executed by traders dropped dropped by one to 3 deals against the 4 deals executed during the previous day’s trading session.
It was observed that when market closed on Thursday, there were neither any price gainer nor price loser. The price movement chart was empty.
Food Concept Plc still held the exchange’s top trades position by volume (year to date) with a total transaction of 1,158,828,284 units valued at N844.0 billion, while UBN Properties followed with 921,841,397 units worth N1.24 billion.
While, Central Securities Clearing System (CSCS) Plc remained at the top spot on the most traded stock in value terms (year-to-date) with 202,272,698 units worth N2.53 billion, UBN Properties followed on the list with 884,529,600 units of its stocks sold for N1.2 billion.