NASD Performance Indicators Retain Previous Numbers Tuesday

December 30, 2020
NASD OTC Securities Exchange

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed in the flat territory on Tuesday, December 29 as the market barometers at the opening session of the week retained quotes recorded at the previous session before the Christmas break.

At the previous session on Thursday, December 24, the bourse’s market capitalisation closed at N523.37 billion, while the NASD Unlisted Security Index (NSI) ended the day at 729.41 points. Yesterday, these parameters were retained.

However, the total volume of trades recorded on Tuesday dropped by 99.6 per cent as 7,500 units of shares were traded by investors compared to 1.7 million units of securities recorded at the preceding session.

These came from two deals were executed at the session on shares of Niger Delta Exploration and Production (NDEP) Plc and Central Securities Clearing Systems (CSCS) Plc. At the preceding session, only five deals were recorded, indicating a 71.4 per cent decline yesterday.

Also, the value of transactions recorded in the day reduced by 94.7 per cent N825,000 from N15.7 million, with NDEP Plc accounting for N750,000 and CSCS Plc accounting for N75,000.

Business Post reports that share price of all the admitted securities at the bourse retained their previous value at the close of business on Tuesday.

ARM Life Plc closed the session as the company with the highest volume of shares traded by market participants (year-to-date) with 7.4 billion units of its shares worth N4.6 billion. CSCS Plc was in second place with 213.7 million units worth N2.9 billion, while Food Concepts Plc held the third position with 152.2 million units of its shares worth N109.5 million.

Equally, ARM Life Plc still maintained the position as the most active stock by value (year-to-date) for transacting 7.6 billion units of its shares worth N4.6 billion, while NDEP Plc followed with 12.0 million units exchanged for N3.7 billion, with CSCS Plc in third place for trading 213.7 million units of its securities valued at N2.9 billion.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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