Adedapo Adesanya
By Adedapo Adesanya
The last trading session of the first week at the NASD Over-the-Counter (OTC) Securities Exchange closed flat on Friday, January 7, with the prices of stocks on the platform remaining unchanged at the close of transactions.
Business Post reports that the key performance indicators were in stalemate yesterday, with the market capitalisation retaining the previous value of N631.72 billion and the NASD Unlisted Security Index (NSI) still intact at 746.03 points.
In the midst of the stalemate, the trading data showed that there was a reduction in the volume and value of securities transacted by investors during the trading session.
According to data from the NASD OTC exchange, the volume of unlisted securities traded by market participants stood at 2,008 units in contrast to the 10,000 units of securities transacted at the preceding session, indicating a fall of 79.9 per cent.
Equally, the value of shares exchanged by the market participants depreciated by 87.4 per cent to N51,704 from N410.250 recorded at the previous session.
However, the total number of deals executed at the bourse yesterday did not change as only two deals were performed at the exchange on Friday, the same number carried out on Thursday.
As earlier stated, the unlisted securities market closed with no price gainer or price loser.
At the close of trading, the most traded stock by volume on a year-to-date basis was Central Securities Clearing Systems (CSCS) Plc with the sale of 40,700 units of its stocks valued at N775,800.00. Friesland Campina WAMCO Nigeria Plc has so far traded 10,939 units of its stocks worth N1.3 million, while Nipco Plc was in third place with 5,308 units valued at N334,404.
On the flip side, Friesland Campina WAMCO Nigeria Plc was the most active stock by value on a year-to-date basis with a turnover of 10,939 units worth N1.3 million, followed by CSCS Plc with the sale of 40,700 units worth N775,800, and Nipco Plc with the exchange of 5,308 units for N334,404.
