Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed the week flat on Friday, March 18 with the key performance indicators remaining unchanged at the close of transactions.
Business Post reports that the market capitalisation of the NASD Exchange retained the previous value of N601.38 billion, while the NASD Unlisted Securities Index (NSI) remained unchanged at 710.19 points.
The stalemate witnessed at the session also affected the price movement chart as the unlisted securities market finished the day with no single price gainer and loser.
However, the activity table recorded movements as the volume of stocks transacted yesterday increased by 1,279.5 per cent due to the 4.2 million units of securities traded by market participants compared with the 302,529 units of securities transacted at the preceding session.
But the value of shares exchanged at the bourse reduced by 72.9 per cent to N3.5 million from the N12.9 million achieved a day earlier.
Similarly, the total number of deals closed lower by 53.9 per cent as investors traded six deals as against the 13 deals quoted at the preceding session.
Central Securities Clearing Systems (CSCS) Plc ended the trading session as the most traded security by volume on a year-to-date basis with a turnover of 659.1 million units sold for N13.8 billion, followed by AG Mortgage Bank Plc with a turnover of 36.1 million units valued at N18.8 million, and NASD Plc with a turnover of 32.4 million units of its stocks transacted for N321.0 million.
The most traded stock by value on a year-to-date basis was also CSCS Plc as it has transacted 659.1 million units valued at N13.8 billion, VFD Group Plc came next for trading 916,161 units worth N331.5 million, while NASD Plc was in third place for exchanging 32.4 million units for N321.0 million.
