Unlisted Securities Exchange Opens Week in Flat Territory

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed in the flat territory on Monday as the major performance indicators remained unchanged at the close of transactions.

During the trading session, the market capitalisation of the unlisted securities exchange closed flat at N604.88 billion, while the NASD Unlisted Security Index (NSI) remained at 732.15 points.

However, the activity chart was in red yesterday as investors stayed away from the market, trying to monitor happenings in the macro-economic environment.

According to data, the volume of transactions went down by 67.9 per cent to 127,140 units from 392,727 units as the value of transactions depreciated by 83.8 per cent as shares worth N3.8 million exchanged hands compared with the N23.1 million shares transacted at the preceding day.

It was observed that these transactions were carried out in three deals compared with the eight deals executed in the preceding session, indicating a 62.5 per cent plunge.

At the market yesterday, there were no single price gainers and losers as the share prices of all the securities on the platform maintained their previous values.

At the close of business, Food Concepts Plc remained as the most traded stock by volume (year-to-date) with the sale of 11.4 billion units of its shares worth N14.4 billion. Lighthouse Financial Services Plc traded 1.1 billion units worth N546.1 million to occupy the second spot, while Geo Fluids Plc, which claimed the third place, has traded 1.0 billion units worth N700.1 million.

By value on a year-to-date basis, Food Concepts Plc was also on top of the chart with the sale of 11.4 billion units worth N14.4 billion, followed by the now-exited Nigerian Exchange (NGX) Group Plc with 456.5 million units valued at N9.2 billion, and VFD Group Plc with 10.4 million units valued at N3.5 billion.