Adedapo Adesanya
By Adedapo Adesanya
The key performance indicators of the NASD Over-the-Counter (OTC) Securities Exchange remained unchanged on Wednesday, November 22, as the NASD Unlisted Security Index (NSI) closed flat at 846.16 points, and the market capitalisation stayed intact at N1.147 trillion.
This occurred as the unlisted securities market recorded no single price gainer or loser, as prices of stocks admitted on the platform remained unchanged at the close of transactions in the midweek session.
However, the activity chart witnessed movements, with the volume of shares bought and sold going down by 99.9 per cent to 2,000 units of securities, in contrast to the 3.5 million units of securities transacted in the preceding session.
Also, the value of trades posted at the alternative bourse yesterday declined by 99.8 per cent to N24,000 from the N12.2 million achieved in the previous trading session.
These transactions were carried out in five deals compared with the 11 deals carried out in the preceding trading session, indicating a decline of 54.6 per cent.
At the close of business, Central Securities Clearing System (CSCS) Plc remained the most traded stock by volume on a year-to-date basis with the sale of 1.2 billion units valued at N22.3 billion, followed by UBN Property Plc with a turnover of 1.1 billion units worth N1.1 billion and Geo-Fluids Plc with the sale of 704.2 million units valued at N1.3 billion.
Similarly, CSCS Plc ended the trading day as the most traded stock by value on a year-to-date with the sale of 1.2 billion units worth N22.3 billion, trailed by VFD Group with the sale of 26.6 million units valued at N5.9 billion, and Aradel Holdings Plc with a turnover of 7.7 million units worth N3.1 billion.
