Unlisted Securities in Nigeria Close Flat Thursday

NASD OTC market

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed on Thursday, November 14, 2019 in the flat territory with both the NASD Security Index (NSI) and market capitalization remaining at their previous levels.

Business Post reports that at the close of business yesterday, the market capitalization closed N513.12 billion, while the index remained unchanged at 714.21 points.

However, the three other market parameters; the volume of trades, value of transactions and the number of deals executed by investors, finished in the negative territory.

The total volume of shares transacted by investors depreciated by 99.6 percent or 138,840 units to 500 units on Thursday from 139,340 units transacted the previous session.

Also, after recording gains on Wednesday, total value of shares transacted on Thursday shed 99.5 percent or N11.5 million to N62,000 compared with N11.6 million on Wednesday.

In the same vein, the total number of deals executed during the trading session went down drastically by 94.12 percent or 16 deals to a single deal in contrast to the 17 deals achieved on Wednesday.

The NASD market closed with no price gainers or loser on Thursday.

Food Concept Plc retained the top spot on the top trades position by volume (year to date) with a total transaction of 1,158,828,284 units valued at N844 billion, while UBN Properties followed with 921,841,397 units worth N1.24 billion

Meanwhile, Central Securities Clearing System (CSCS) Plc retained top position in terms of value by year-to-date with 202,272,698 units worth N2.53 billion transacted from the beginning of this year till date, with UBN Properties following on the list with 884,529,600 units of its stocks sold for N1.2 billion.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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