Adedapo Adesanya
By Adedapo Adesanya
The week ended in the flat territory at the NASD Over-the-Counter (OTC) Securities Exchange on Friday, November 27 and this was because the major performance indicators remained unchanged.
For instance, the market capitalisation of the exchange closed at N547.06 billion, while the NASD unlisted securities index (NSI) finished at 735.99 points.
Yesterday’s outcome indicated a third straight session where the market closed flat with the bears and bulls absent.
However, the activity chart continues to record a movement and on Friday, a total of 449,600 units of shares were transacted during the session, 48.4 per cent lower than the 330,000 units traded on Thursday.
The trades were executed in four deals, lower than the five recorded at the previous session and during the session the deals were done on stocks belonging to FrieslandCampina WAMCO Nigeria Plc (three deals) and Central Securities Clearing Systems (CSCS) Plc (one deal).
At the close of transactions, the value of the equities traded by market participants amounted to N56.7 million, a whopping 1,998.5 per cent higher than the N2.7 million recorded on Thursday.
However, the market closed with the prices of all the 41 admitted stocks at the unlisted securities market remained unchanged.
ARM Life Plc ended on Friday as the most traded stock by volume (year-to-date) with 7.4 billion units of its shares worth N4.6 billion. CSCS Plc was in second place with 204.6 million units traded at N2.7 billion while Food Concept Plc followed in third place with 152.1 million units traded at N109.4 million.
In terms of the value of trades (year-to-date), ARM Life Plc still retained the top on the activity chart for trading 7.4 billion units worth N4.6 billion. Niger Delta Exploration and Production (NDEP) Plc came next with 10.9 million units of its securities exchanged for N3.4 billion while CSCS Plc remained in third place with the sale of 204.6 million units of its stocks valued at N2.7 billion.
