By Adedapo Adesanya
The last trading session of the week at the NASD Over-the-Counter (OTC) Securities Exchange ended flat on Friday, March 6, 2020 despite the significant rise in the trading volume and value.
Business Post gathered from the NASD OTC Exchange that the trading volume rose by 4,815,423.43 percent or 110.8 million units to 110.8 million units from 2,300 units recorded at the previous trading day.
In a similar trend, the transaction value rose by 26,156 percent or N165.7 million to N166.4 million from N633,741 recorded on Thursday.
Despite this, the key performance barometers of the unlisted securities market in the country remained unchanged.
The NASD Unlisted Securities Index (NSI) stayed at 692.79 points, while the market capitalisation remained at N498.09 billion. Also, the market closed with no advancer or decliner.
The exchange only recorded a movement once this week and this was on Wednesday, when it depreciated by 1.09 percent as a result of the loss printed by the Niger Delta Exploration and Production (NDEP) Plc.
At yesterday’s trading session, there was a growth in the number of deals executed by market participants, who carried out a total of 13 deals in contrast to five deals on Thursday. This indicated that the number of deals was 160 percent or eight deals higher.
An analysis revealed that of the 13 deals, Nipco Plc recorded 4 deals, followed by FrieslandCampina WAMCO Plc and Niger Delta Exploration and Production (NDEP) Plc with 3 deals each, while Afriland Properties made 2 deals, with Food Concepts Plc doing a single deal.
Insurance company, ARM Life Plc, remained as the most traded equity by volume (year-to-date) as at the close of transactions on Friday, trading 7.4 billion units of shares worth N4.6 billion.
Food Concept Plc followed in second place with 110 million units traded at N77 million, while Central Securities Clearing Systems (CSCS) Plc came in third place with 12.4 million units of shares worth N141.6 million.
In terms of the most active stock at the NASD Exchange by value (year-to-date), ARM Life Plc maintained its number one position after trading 7.4 billion units worth N4.6 billion.
On the second spot was NDEP Plc, which has sold 5.9 million units worth N1.8 billion, while Friesland, which has exchanged 1.7 million units of its shares valued at N208 million, took the number three spot on the chart.
