Adedapo Adesanya
By Adedapo Adesanya
The key performance indicators of the NASD Over-the-Counter (OTC) Securities Exchange remained unchanged in the final trading session of the week, Friday, October 7.
Business Post reports that this occurred despite the appreciation in the stock price of Afriland Properties Plc.
The property investment company recorded a 3 Kobo gain to close at N1.25 per unit compared with the preceding day’s value of N1.22 per unit.
At the close of business, the total value of the unlisted securities market slightly moved higher by N50 million to N958.33 billion from N958.28, and the NASD Unlisted Securities Index (NSI) rose by 0.03 points to settle at 727.98 basis points in contrast to Thursday’s 727.95 basis points.
During the session, investors traded a total of 494,695 units of securities in contrast to the 143,401 units of securities transacted in the preceding session, indicating a jump of 244.9 per cent.
The value of shares exchanged by the market participants skyrocketed by 1,022.6 per cent to 81.4 million from N7.3 million, while the number of deals carried out during the trading day moderated by 16.7 per cent to 10 deals from the 12 deals executed a day earlier.
Data from the bourse showed that AG Mortgage Bank Plc remained the most traded stock by volume (year-to-date) with a turnover of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with the sale of 687.7 million units worth N14.3 billion, and Mixta Real Estate Plc was in third place with a turnover of 178.1 million units valued at N313.4 million.
When the market closed for the day, CSCS Plc maintained its position as the most traded stock by value (year-to-date) with the sale of 687.7 million units worth N14.3 billion, VFD Group Plc was in second place with 27.7 million units valued at N7.4 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 14.4 million units valued at N1.7 billion
