By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed Friday’s trading session with no single price gainer or loser and all the 40 stocks on the exchange maintained their previous prices.
Also, the unlisted securities market closed flat and as a result, the market capitalisation remained at N508.76 billion, while the NASD Unlisted Security Index (NSI) stayed at 707.65 points.
However, the bourse recorded a drop in the numbers of securities traded on Friday as a total of 300,700 units of unlisted securities exchanged hands during the trading day compared with the 1.6 million units traded on Thursday. This indicated that the trading volume reduced by 82 percent or 1.2 million units.
Likewise, the total value of shares transacted by investors dipped 98 percent or N4.59 billion to N3.6 million from N158.4 million traded on Thursday at the exchange.
As for deals, only five deals were executed at the last trading session of the week. A day earlier, market participants executed 14 executed, representing a decline by 64.3 percent or nine deals.
A breakdown of this by Business Post showed that Central Securities Clearing Systems (CSCS) Plc carried out two deals while FrieslandCampina WAMCO Nigeria Plc, Niger Delta Exploration and Production (NDEP) Plc, and Vital Products Plc all registered one deal each.
At the end of Friday’s session, ARM Life Plc remained the most traded stock by volume (year-to-date) with 7.4 billion units of its shares worth N4.6 billion traded. Food Concept Plc was in second place with 110.0 million units traded at N77.0 million, while CSCS Plc followed with 16.9 million units traded at N195.8 million.
The most traded stock by value (year-to-date) as at the close of transactions yesterday was ARM Life Plc, which has traded 7.4 billion units of its shares worth N4.6 million. NDEP Plc has transacted 6.4 million units valued at N1.9 billion, while FrieslandCampina WAMCO Nigeria Plc has exchanged 1.8 million units for N226.5 million.
