By Adedapo Adesanya
The prices of stocks at the NASD Over-the-Counter (OTC) Securities Exchange remained unchanged at the close of transactions on Thursday, April 13, causing the key market indices to end in a stalemate.
Business Post reports that this made the market capitalisation of the alternative securities exchange finish at N1.022 trillion, as the NASD Unlisted Securities Index (NSI) was intact at 739.00 points.
However, the level of activity changed yesterday as investors traded a total of 7.5 million units of securities, in contrast to the 583,227 units of securities transacted in the preceding session, indicating a jump of 1,191.1 per cent.
But the value of shares exchanged by the market participants went down by 27.8 per cent to N12.7 million from the N17.6 million recorded on Wednesday.
In the same vein, the total number of deals executed during the trading day decreased by 80 per cent to four deals from the 20 deals carried out in the midweek session.
Data showed that Geo-Fluids Plc ended the trading day as the most traded stock by volume on a year-to-date basis with a turnover of 811.3 million units valued at N1.3 billion, followed by Industrial and General Insurance (IGI) Plc with a sale of 604.6 million units worth N47.7 million, and UBN Property Plc stood in third place with the sale of 369.8 units valued at N313.0 million.
On the flip side, VFD Group Plc finished the session as the most traded stock by value on a year-to-date basis with a turnover of 10.4 million units valued at N2.4 billion, trailed by Geo-Fluids Plc with the sale of 811.3 million units worth N1.3 billion, and UBN Property Plc was in third place with 369.8 million units valued at N313.0 million.
