NASD securities Exchange Closes Flat on Monday

October 15, 2019
Nigeria's Unlisted Securities Market Sheds 0.78%, NASD Shares up 8.31%
Picture Credit: NASD Twitter

By Adedapo Adesanya

The NASD Over the Counter (OTC) Securities Exchange closed on the first trading day of the new week in a flat territory as key parameters remained unchanged from their previous figures.

For instance, the market capitalisation closed at N512.37 billion, the same amount that was recorded last Friday, while the NASD Security Index (NSI) also remained unchanged at 713.17 points.

However, it wasn’t a good outlook for the remaining parameters as they all recorded drops after the close of transactions on the exchange.

The volume of trades transacted on Monday went down by 99.8 percent or 5,280,878 units to 8,510 units yesterday from the 5,289,388 units quoted at the last transaction window.

In the same vein, the total value of trades went down by 95.4 percent or 23.95 million to N1.15 million from N25.1 million.

Furthermore, a total of two deals were executed on Monday, lower than the seven deals recorded last Friday, indicating a decline of 71 percent or 5 deals.

Food Concept Plc still remained at the top of trades by volume (year to date) with transactions of 1,158,797,004 units valued at N843.97 billion, while UBN Properties followed with 891,085,220 units worth N1.21 billion.

In the same vein, Central Securities Clearing System (CSCS) Plc took the top spot in terms of value (by year-to-date) with 202,272,698 units worth N2.53 billion transacted from the beginning of this year till yesterday, while UBN Properties followed with 884,529,600 units of its stocks sold for N1.2 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.

Leave a Reply

oil prices fall
Previous Story

Oil Drops 2% After First Phase of US-China Trade Deal

maritime security Project AGWE
Next Story

Project AGWE: EFCC, Interpol Partner on Maritime Security

Latest from Economy