By Adedapo Adesanya
Rise in the total volume of shares transacted on Friday, January 24, 2020 on the floor of the NASD Over-the-Counter (OTC) Securities Exchange was not enough to make the market close bullish for the second successive trading session as key parameters closed flat.
The last session of the week saw a total of 469,014 units transacted by investors, higher than the 106,810 units recorded at the market on Thursday. This indicated that the trading volume for the day increased by 339 percent or 362,204 units.
Also, the value of shares exchanged by traders increased at the close of Friday’s session by 439 percent or N5.3 million to N6.5 million from N1.2 million on Thursday.
However, the number deals executed during the session decreased by one or 17 percent to five deals in contrast to the six deals executed by investors during the previous trading day.
As earlier stated, the major market gauges ended unchanged, with the market capitalisation staying static at N507.59 billion, while the NASD Unlisted Security Index (NSI) remained at 706.52 points.
ARM Life Plc ended the week as the most traded stock by volume (year-to-date) with 29 million units of its shares worth N18.3 million exchanged at the market, while CSCS Plc was in second place with 916,975 units worth N10.6 million, with UBN Property Company coming into the third position after selling 745,800 units of its shares worth N1.2 million.
By value, Niger Delta Exploration and Production (NDEP) has transacted 567,600 units of its shares worth N180 million since the first trading day of this year till yesterday, while FrieslandCampina Wamco Nigeria has exchanged 330,275 units for N44.4 million, with ARM Life Plc trading 29,000,000 units of its securities valued at N18.3 million.
The blockchain brings new financing options to the business market. For example, Bitcoin Cash casino has adapted to only using cryptocurrency. This way, it makes it easier for their customers to deposit and withdraw in a BCH casino. Entrepreneurs have taken note of this and are looking to invest more in crypto than in fiat markets.
Like Our Facebook Page
Latest News on Business Post
- Fitbit Unveils Device to Track Users’ Fitness, Wellness April 22, 2021
- UK Expresses Willingness to Attract More Investments to Nigeria April 22, 2021
- How to Invest in Stocks in Nigeria: Guide for Beginners April 22, 2021
- Jumia Employee Taking Pleasure in Meeting e-Commerce Needs of Rural Dwellers April 22, 2021
- Over 4 million Investors’ Accounts Have Incomplete KYC Data—SEC April 22, 2021
- FBNQuest Merchant Bank Offers to Help SMEs Issue CPs, Bonds April 22, 2021
- Sparkle Nigeria Introduces SMS Alert Fees April 22, 2021
- Keystone Bank Teaches Nigerian Students Financial Literacy April 22, 2021
- Nigeria Borrows N274.5bn from Local Investors at Over 13% April 22, 2021
- Government Seals Kaduna Electric over N464.1m Tax April 22, 2021
Economy5 years ago
Kwara Disburses N1.7b For Projects
Technology4 months ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN
Economy3 years ago
FAAC: FG, States, LGs Share N655.18b in January
Feature/OPED1 year ago
Davos was Different this year
Feature/OPED1 month ago
COVID and the Growth of Technology in Nigeria
Economy1 month ago
MBA Forex Blames CBN for Inability to Return Investors’ Funds
General2 years ago
Ikeja Electric Explains How to Get Prepaid Metres via MAP
Banking3 years ago
Sort Codes of GTBank Branches in Nigeria