Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed in a stalemate on Thursday after the major performance indicators retained their previous day’s values.
Business Post reports that the flattish outcome came after the unlisted securities market recorded no significant price gainer or loser at the close of business transactions. though the share price of FrieslandCampina Wamco Nigeria Plc marginally lost 1 Kobo to quote at N75.60 per unit, in contrast to the preceding trading day’s value of N75.61 per unit.
This did not impact the bourse yesterday and as a result, the market capitalisation of the alternative stock exchange remained flat at N1.224 trillion while the NASD Unlisted Security Index (NSI) was left intact at 902.85 points.
However, the activity chart witnessed movements during the session, as a total of 40.3 million units of securities exchanged hands, in contrast to the 859,584 units of securities transacted in the preceding session, indicating a jump of 4,591.7 per cent.
Equally, the value of shares bought and sold by traders on Thursday improved by 355.8 per cent to N118.6 million from the N26.1 million recorded in the previous session, while the total number of deals carried out closed downward by 15.4 per cent, as 11 transactions were executed compared with the 13 deals executed in the preceding market day.
At the close of business, UBN Property Plc was the most traded stock by volume on a year-to-date basis with 1.7 billion units valued at N2.2 billion, Central Securities Clearing System (CSCS) Plc was in second place with 1.2 billion units valued at N22.4 billion and Geo-Fluids Plc was in third place with 772.1 units amounting to N1.5 billion.
The most traded stock by value on a year-to-date basis was CSCS Plc with 1.2 billion units worth N22.4 billion, trailed by VFD Group with 26.6 million units valued at N5.9 billion, and Aradel Holdings Plc with 7.8 million units valued at N3.2 billion.
