By Adedapo Adesanya
Trading activities on the floor of the NASD Over-the-Counter (OTC) Securities Exchange closed flat on Thursday, March 5 after closing in the red region 24 hours earlier.
Business Post reports that at the close of transactions today, the NASD Unlisted Securities Index (NSI) and the market capitalisation remained at 692.79 points and N498.09 billion respectively.
However, the volume of shares transacted by market participants decreased by 99 percent or 341,573 units as only 2,300 units of shares were traded today compared with the previous day’s 343,873 units.
Also, the value of trades recorded at the unlisted securities market today reduced by 98 percent or N38 million to N633,741 from N39.0 million shares transacted on Wednesday.
In the same vein, the total number of deals achieved today also went down by 50 percent or five deals as the market only recorded five deals in contrast to the 10 deals executed deals at the previous session, while there was no single price gainer or loser.
It was observed that the five deals carried out today were from Resourcery Plc (two deals); Central Securities Clearing System (CSCS) Plc; FrieslandCampina WAMCO Nigeria Plc, and Niger Delta Exploration and Production (NDEP) Plc with one deal each.
When market activities were wrapped up today, ARM Life Plc remained as the most traded stock by volume (year-to-date), trading 7.4 billion units of shares for N4.6 billion, while CSCS Plc followed with 12.4 million units of its securities traded for N141.6 million. In the third place was NDEP Plc, which has transacted 5.9 million units of its shares valued at N1.8 billion.
As part the most active stock by value (year-to-date), ARM Life Plc remained on top of the chart at the close of business on Thursday, selling 7.4 billion units worth N4.6 billion, while NDEP Plc has traded 5.9 million units valued at N1.8 billion, with CSCS Plc trading 12.4 million units of its shares for N141.6 million.
Dipo Olowookere