Prices of Stocks on NASD Exchange Remain Unchanged Friday

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed the last trading day of the week flat. The market also ended the day with no single price gainer or loser.

At the session, the NASD Unlisted Security Index (NSI) remained at 698.22 points, while the market capitalisation stayed at N512.89 billion.

A total of 55,100 shares were transacted at the exchange yesterday. However, this was lower than the 2.99 million units recorded at Thursday’s session by 98 percent.

There was also a drop in the total value of stocks traded at the NASD Exchange on Friday. Shares valued at N5.9 million exchanged hands during the session. When compared with the value of stocks traded at the previous session, the amount traded yesterday was lower than the N35.2 million achieved on Thursday. The represents a decline by 83 percent or N29.3 million.

Also on the activity chart, the number of deals executed during the session were down by 40 percent as only three deals were recorded on Friday.

The deals were executed by FrieslandCampina WAMCO (two deals worth N621,900) and VFD Group Plc (a single deal valued at N5.3 million).

ARM Life Plc stood firm on Friday as the most traded stock by volume (year-to-date) with 7.4 billion units of its shares worth N4.6 billion traded by market participants. Food Concept Plc was in second place for trading 110 million units of its shares valued at N77 million, while Lighthouse Financial Services Plc occupied the third spot for selling 48 million units at N24 million.

In terms of the most active stock by value (year-to-date), ARM Life Plc also retained the top for exchanging a total of 7.4 billion units of its securities worth N4.6 billion. Niger Delta Exploration and Production Plc occupied the second position for trading 6.5 million units valued at N2.03 billion, while Central Securities Clearing System (CSCS) Plc managed the third spot with 24 million units worth N285 million.