Adedapo Adesanya
By Adedapo Adesanya
The key performance indicators at the NASD Over-the-Counter (OTC) Securities Exchange maintained stability on Friday as they remained unchanged at the close of business.
Business Post reports that the flat outcome occurred as there was no single price gainer or loser, with prices of stocks on the platform retaining their previous day’s rates.
It was observed that investors were reluctant to trade their unlisted shares during the session, though the bourse witnessed a significant increase in activity level, this was caused by the bulk trade at the final session of the market before the Christmas break.
Yesterday, the volume of shares transacted by investors increased by 94,494.6 per cent as a total of 35 million units of securities exchanged hands, in contrast to the 37,000 units of securities transacted in the preceding session.
Also, the value of shares bought and sold by traders increased by 7,579.5 per cent to 138.0 million from the N1.8 million recorded in the previous session, while the number of deals executed on Friday went down by 66.7 per cent to two deals from the six deals carried out a day earlier.
Despite the movement in the activity chart, the market capitalisation of the alternative securities exchange closed flat at N925.06 billion, as the NASD Unlisted Securities Index (NSI) remained unchanged at 704.00 points.
At the end of the session, AG Mortgage Bank Plc remained the most traded stock by volume on a year-to-date basis by selling 2.3 billion units worth N1.2 billion, and was trailed by Central Securities Clearing System (CSCS) Plc with 688.5 million units valued at N14.3 billion, and Lighthouse Financial Services Plc with 224.7 million units sold for N112.3 million.
In the same vein, CSCS Plc ended the trading day as the most traded stock by value on a year-to-date basis with its 688.5 million units worth N14.3 billion, trailed by VFD Group Plc with 29.1 million units valued at N7.7 billion, and FrieslandCampina WAMCO Nigeria Plc with 18.4 million units valued at N2.0 billion.
