Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed in the flat territory for the third consecutive on Thursday, May 21.
At the close of transactions yesterday, the major performance barometers retained their previous points just as prices of securities at the market retained their previous rates.
After the close of business on Thursday, the total market value and the index still remained at the same levels it closed on Tuesday and Wednesday
The market capitalisation and the NASD Unlisted Security Index (NSI) both closed at N505.76 billion and 688.51 points respectively.
At yesterday’s session, market participants executed a single deal at the bourse, lower than the two deals recorded at the previous trading day.
The deal was carried out by FrieslandCampina WAMCO Nigeria Plc, which sold 2,123 units of its shares at the bourse yesterday. This was 7.6 percent higher than the 1,973 units of securities transacted on Wednesday.
However, the total value of the transaction reduced by 37 percent to N254,760 from the N404,116 transacted during the previous session at the NASD Exchange.
Insurance company, ARM Life Plc, ended the day as the most active stock (year-to-date) with 7.4 billion units of its shares sold for N4.6 billion. It was followed by Food Concept Plc, which has traded 110 million units worth N77 million, and Lighthouse Financial Services Plc, which has transacted 48 million units of its shares valued at N24 million.
In terms of the most active stock by value (year-to-date), ARM Life Plc also remained on top of the chart for trading 7.4 billion units of its shares worth N4.7 billion. It was trailed by Niger Delta Exploration and Production (NDEP) Plc, which has transacted 6.9 million units worth N2.13 billion, and FrieslandCampina WAMCO Nigeria Plc, which has exchanged 2.4 million units of its securities for N293 million.
