Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed flat on Wednesday, July 26, as the major performance indicators remained unchanged at the close of trading activities.
Business Post reports that the stalemate happened despite the unlisted securities exchange posting a price gainer during the midweek session, with the market capitalisation of the alternative securities exchange unchanged at N1.074 trillion, and the NASD Unlisted Securities Index (NSI) at 773.79 points.
Acorn Petroleum Plc was the sole price advanced yesterday, though its appreciation of 2 Kobo to 19 Kobo per unit from 17 Kobo per unit could not move the market’s needles.
At the close of transactions, investors traded a total of 35,396 units of securities, in contrast to the 1.6 million units of securities transacted in the preceding session, indicating a slump of 97.8 per cent.
The value of shares exchanged by the market participants went lower by 98.7 per cent to N356,111.00 from the N105.2 million recorded in the previous session.
Also, the total number of deals executed by investors declined by 57.9 per cent to eight deals from the 19 deals carried out in the preceding market day.
Central Securities Clearing System (CSCS) Plc remained the most traded stock by volume on a year-to-date basis with a turnover of 1.1 billion units worth N21.2 billion, Geo-Fluids was in second place with the sale of 625.9 units valued at N1.1 billion, while Industrial and General Insurance (IGI) Plc was in third place with the sale of 608.3 million units worth N48.1 million.
The most traded stock by value on a year-to-date basis was still CSCS Plc, which has transacted 1.1 billion units of its securities valued at N21.2 billion. It was followed by VFD Group, which has sold 18.9 million units worth N4.2 billion, and FrieslandCampico Wamco Nigeria Plc, which has exchanged 17.6 million units of its shares for N1.3 billion in the period under consideration.
