By Adedapo Adesanya
Equities admitted on the NASD Over-the-Counter (OTC) Securities Exchange could not extend gains into the third day as the market ended in a stalemate on Wednesday.
At the end of the day’s trading, the NASD unlisted securities index (NSI) retained its previous rate of 711.96 points recorded at Tuesday’s session, while the market capitalisation stayed at N522.99 billion.
However, the midweek session saw a decline in the total volume of trades by 98.8 per cent to 2,500 units of shares from the 204,957 units transacted on Tuesday.
This happened as only one single deal was performed at the unlisted securities market during the session and it was on Central Securities Clearing Systems (CSCS) Plc. This deal was worth N35,000, 98.9 per cent lower than the value of shares traded the preceding day, N3.46 million.
ARM Life Plc maintained its position as the most active stock at the market by volume (year-to-date) with 7.4 billion units of its shares transacted for N4.6 billion, while CSCS Plc took the second spot after trading 201.0 million units traded at N2.7 billion, with Food Concept Plc occupying the third place for exchanging 125.1 million units valued at N88.1 million.
In terms of the value of trades (year-to-date), ARM Life Plc still retained the top spot after selling 7.4 billion units of its securities valued at N4.6 billion. The second spot was taken by an oil investment company, Niger Delta Exploration and Production (NDEP) Plc, which has traded 8.8 million units of securities for N2.7 billion, while CSCS Plc followed for trading 201.0 million shares valued at N2.7 billion.
