By Adedapo Adesanya
The prices of stocks listed on the NASD Over the Counter (OTC) Securities Exchange posted no movement at the close of transactions on Monday, December 30, 2019.
This occurred as the major indicators of the unlisted securities market in Nigeria; the market capitalisation and the NASD Unlisted Securities Index (NSI) closed flat after the day’s trading.
Business Post reports that on the first trading day of the new week, the market capitalisation remained unchanged at N501.14 billion, while the index stayed at 697.24 points.
The market was relatively quiet during the day as investors rebalance their portfolio ahead of the new year tomorrow. This led to a decline in the activity level on Monday.
At the close of transactions, the volume of shares transacted by investors at the exchange went down by 20.2 percent or 83,578 units to 329,682 units from 413,260 units recorded at Friday’s session.
Also, the total value of securities that exchanged hands in the session plummeted by 44.1 percent or N11.4 million to N14.5 million from N25.9 million worth of shares traded at the previous session, while the number of deals executed by traders reduced by 56.3 percent to 7 deals.
Food Concept Plc remained as the most active stock by volume (year-to-date) with 1,158,828,284 units valued at N844.1 million, while UBN Properties trailed with a total of 941,821,197 units worth N1.27 million.
In terms of the mot traded share by value (year-to-date), Central Securities Clearing System (CSCS) Plc retained the top spot with 202,272,698 units worth N2.53 billion, while UBN Properties followed with 884,529,600 units of its stocks sold for N1.2 billion.
