Prices of Stocks on NASD OTC Exchange Remain Stable

NASD OTC Exchange

By Adedapo Adesanya 

For the fourth consecutive sessions, the NASD Over-the-Counter (OTC) Securities Exchange closed flat on Tuesday, February 18, 2020, with the key market indices remaining at the previous levels.

Likewise, prices of all stocks listed on the bourse remained as they were when the unlisted securities market opened for the day’s business as there was no single price gainer or loser.

Business Post reports that when activities were wrapped up yesterday, the market capitalisation closed at N501.59 billion, while the NASD Unlisted Security Index (NSI) ended at 697.67 points.

However, the exchange recorded a rise in the volume of shares transacted by investors on the second trading of the week, going up by 345 percent or 70,272 units to 90,625 units from 20,353 units at the last session.

Also, the total value of transactions recorded at the bourse on Tuesday went up by 627 percent or N16.2 million to N18.8 million from N2.6 million recorded at the previous session.

Similarly, the number of deals executed during the session also rose by three deals or 60 percent as a total of eight deals were executed on Tuesday, higher than five deals achieved at the exchange on Monday.

Data from the NASD OTC Exchange showed that ARM Life Plc remained as the most traded stock by volume (year-to-date) yesterday with 29 million units of shares worth N18.3 million, while Niger Delta Exploration and Production Plc (NDEP) Plc followed in second place with 4.3 million units of its shares traded at N1.4 billion, with the Central Securities Clearing System (CSCS) in the third position after trading 4.2 million units of shares worth N49.7 million.

For trading 4.3 million units of its stocks valued at N1.4 billion so far in 2020, NDEP Plc maintained the top position as the most active stock by value (year-to-date) at the NASD Securities Exchange. In second place is FrieslandCampina WAMCO Nigeria Plc, which has traded 766,823 units valued at N96.1 million, while CSCS has transacted a total of 4.2 million units worth N49.7 million.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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