Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed flat on Monday, December 6, with no single price gainer and price loser at the close of transactions.
The unlisted securities market recorded the stalemate amid a low level of transactions during the session as investors stay away from the market.
When the exchange closed for the trading day, the two major performance indicators remained unchanged as they did not move an inch.
Business Post reports that the market capitalisation of the NASD Exchange retained the previous value of N615.86 billion, while the NASD Unlisted Security Index (NSI) remained unchanged at 745.44 points.
As earlier stated, the stalemate witnessed yesterday came even as trading data showed a reduction in the volume, value, and the number of deals carried out at the bourse.
Investors traded a total of 158,770 units of securities in contrast to the 2.3 million units of securities transacted at the preceding session, indicating a fall of 93.2 per cent.
Equally, the value of shares exchanged by the market participants depreciated by 98.4 per cent to N1.0 million from N63.4 million recorded at the previous session.
The total number of deals executed went down by 50 per cent as six deals were performed at the exchange as against the 12 deals printed last Friday.
Food Concepts Plc remained as the most active stock by volume (year-to-date) as it has traded 11.4 billion units of its shares for N14.4 billion. Lighthouse Financial Services Plc followed with 1.1 billion units traded for N546.2 million, and Geo Fluids Plc, which has transacted 1.0 billion units worth N700.1 million.
On the reverse side, Food Concepts Plc was also the most active stock by value on a year-to-date basis as it has transacted 11.4 billion units valued at N14.4 billion. Nigerian Exchange (NGX) Group Plc remained in the second spot with 456.5 million units of its securities worth N9.2 billion, while the third spot was retained by VFD Group Plc with 10.4 million units valued at N3.5 billion.
