Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange wrapped up the week on a flat note as the key parameters remained unchanged for the second straight day.
Business Post reports that the NASD Unlisted Securities Index (NSI) remained at 697.86 points, while the market capitalisation closed at N501.73 billion.
However, the level of activity closed mixed, with the volume of securities traded by investors going up and the value of shares exchanged by traders going in the opposite direction.
According to data harvested from the NASD OTC portal, the trading volume rose significantly by 2,130 percent or 2,364,909 units to 2.5 million units from 110,980 units, while the transaction value fell by 87 percent or N27.0 million to N3.9 million from N30.9 million recorded on Thursday.
There was a growth in the number of deals during the session by two deals or 19 percent as nine deals were achieved today in contrast to the seven deals achieved on Thursday.
It was observed that the market closed today with no price advancer or decliner as all securities retained their share price going into the new week next Monday.
ARM Life Plc closed the session as the most traded security by volume (year-to-date) with 29 million units of its shares traded for N18.3 million, while Niger Delta Exploration and Production (NDEP) Plc was in second place with 3.71 million units worth N1.2 billion, with Central Securities Clearing System (CSCS) Plc in third position with 3.66 million units valued at N43.7 million.
In terms of the most active stock by value (year-to-date), NDEP Plc remained on top of the log with 3.71 million units worth N1.2 billion, while FrieslandCampina Wamco Nigeria followed with 524,367 units exchanged for N66.9 million, with CSCS Plc trading 3.66 million units of its securities for N43.7 million.
