Adedapo Adesanya
By Adedapo Adesanya
The unlisted securities index of the NASD Over-the-Counter (OTC) Securities Exchange depreciated on Monday, March 16, 2020 by 2.13 percent or 14.85 points.
According to data obtained from the exchange at the close of transactions on the first day of the week, the benchmark index went down to 692.80 points from 707.65 points achieved last Friday.
However, the total value of unlisted securities at the market remained unchanged at N508.76 billion just as the market ended the session with no single price riser or decliner.
The data further revealed that the value of stocks transacted today increased by 271 percent or N9.9 million to N13.5 million from N3.6 million recorded at the previous trading day.
In addition, the total volume of shares transacted by investors increased by 16 percent or 48,889 units as a total of 349,589 units exchanged hands today compared with 300,700 units traded last Friday.
Furthermore, the number of deals executed by market participants improved by 60 percent or three deals as a total of eight deals occurred during the session in contrast to five deals of the previous session.
Central Securities Clearing Systems (CSCS) Plc had the highest number of deals on Monday, four. It was followed by FrieslandCampina WAMCO Nigeria Plc, which had two deals, while Niger Delta Exploration and Production (NDEP) and Nipco Plc recorded single deal each.
At the close of business today, ARM Life Plc remained as the most traded stock by volume (year-to-date) with 7.4 million units worth N4.6 billion, while Food Concept Plc occupied the second place after trading 110.0 million units valued at N77.0 million, with CSCS Plc in third place after transacting 17.3 million units for N199.4 million.
In terms of the most traded security by value (year-to-date), ARM Life also took the top spot with 7.4 million units of its stocks traded for N4.6 billion. NDEP Plc claimed the second spot with 6.4 million units valued at N1.99 billion, while FrieslandCampina WAMCO Nigeria Plc managed the third spot with 1.9 million units worth N233.5 million.
