Adedapo Adesanya
By Adedapo Adesanya
The first trading day of the new week at the NASD Over the Counter (OTC) Securities Exchange closed in the negative region on Monday September 30, 2019 as all major parameters pointed south.
For instance, the market capitalization dropped 0.78 percent or N3.24 billion to close at N502.64 billion as against N505.88 billion it finished at the last trading session.
As for the NASD Unlisted Security Index (NSI), it also declined by 0.78 percent 4.52 points to close the day at 699.63 points in contrast to 704.15 points it recorded last Friday.
Also at the market yesterday, the volume of securities transacted by investors tumbled by 76.86 percent or 416,460 units to 125,359 units from 541,819 units in the previous session.
In terms of the value of trades recorded on Monday, it went down by 97.76 percent or N143.5 million to close at N3.3 million compared with a total of N146.8 million transacted at the last trading day,
A look at the number of deals executed by investors at the market yesterday showed a 28.57 percent declined as the number of deals went down by 4 to 10 deals from 14 deals last Friday.
The NASD Plc, which trades its shares on its trading platform, had a bit of fortune on its side as the company’s share price rose by 29 Kobo, or 8.31 percent to close at N3.49 from N3.20.
However, Niger Delta Exploration and Production Plc, had a different outcome as its share price dropped on Monday by N22.53 or 7.63 percent to trade at N295.47 from N318.00.
Food Concept Plc with a total transaction of 1,158,797,004 units valued at N843.97 billion was at the top of trades position by volume (year to date) while UBN Properties followed with 891,085,220 units worth N1.21 billion.
Central Securities Clearing System (CSCS) Plc also remained top in terms of value by year-to-date with 202,272,698 units worth N2.53 billion transacted from the beginning of this year till yesterday, with UBN Properties following on the list with 884,529,600 units of its stocks sold for N1.2 billion.
