NASD Trading Volume Drops 69%, Value Rises 31% Friday

NASD Unlisted Securities Index

By Adedapo Adesanya

Securities worth N6.1 million were transacted on the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Friday, February 21, higher than the N4.7 million shares traded on Thursday. The indicated that the value of transactions recorded at the trading session went up by 31.44 percent or N1.4 million.

However, the volume of stocks transacted by investors reduced yesterday by 68.70 percent or 183,375 units to 83,533 units from 266,908 units, while the number of deals executed by market participants decreased by 54.55 percent or six deals to five deals in contrast to 11 deals achieved on Thursday.

Business Post reports that the key market indices remained unchanged at the close of transactions on Friday, with the market capitalisation at N503.33 billion and the NASD Unlisted Security Index (NSI) at 697.86 points.

Like in the previous trading session, the unlisted securities market ended the last trading day of the week with no single price gainer or price loser. Prices of securities on the exchange remained at their previous levels.

On the activity chart yesterday, ARM Life Plc remained as the most traded stock by volume (year-to-date) with 29 million units of its shares worth N18.3 million traded by investors. It was followed by the Central Securities Clearing System (CSCS) Plc, which has so far traded 4.4 million units of its shares valued at N52.9 million, while the Niger Delta Exploration and Production (NDEP) Plc, which is in third place, has transacted a total of 4.3 million units of its shares worth N1.4 billion.

When this is flipped to the most active stock by value (year-to-date), NDEP Plc sits at the zenith with a total of 4.3 million units of its securities traded by market participants at N1.4 billion. Trailing this company is FrieslandCampina WAMCO Nigeria plc, which has exchanged 841,571 units of its stocks worth N105.7 million, while CSCS Plc has transacted 4.4 million units of its equities valued at N52.9 million.

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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