Unlisted Securities Market Closes Flat on April Fool’s Day
By Adedapo Adesanya
On April Fool’s Day, the NASD Over-the-Counter (OTC) Securities Exchange closed flat, with the major performance indicators remaining unchanged at the close of transactions.
The unlisted securities market in Nigeria has seen a mixture of hot and cold in recent times, closing lower at the preceding session but an attempt to lift the platform yesterday could not be achieved.
According to data from the bourse, the market capitalisation of the NASD Exchange retained the previous value of N952.62 billion, while the NASD Unlisted Securities Index (NSI) remained unchanged at 724.49 basis points.
Business Post reports that the prices of stocks on the trading platform also did not record any movement as there were no price gainers and losers.
However, the activity chart witnessed changes as investors traded a total of 3.3 million units of securities in contrast to the 84,117 units of securities transacted in the preceding session, indicating a surge of 3,811.2 per cent.
Likewise, the value of shares exchanged by the market participants jumped by 143.6 per cent to N263,200 from N108,055.20 recorded the previous session.
However, the total number of deals closed downward as only one transaction was executed, 75 per cent lower than the four deals quoted at the preceding market day.
Amid the stalemate, AG Mortgage Plc remained as the most traded stock by volume (year-to-date) with 2.3 billion units valued at N1.2 billion, followed by Central Securities Clearing System (CSCS) Plc with 658.9 million units worth N13.8 billion, and NASD Plc with 42.0 million units valued at N447.4 million.
But the most traded stock by value (year-to-date) was CSCS Plc with a turnover of 658.9 million units exchanged for N13.8 billion, AG Mortgage Plc was in second place with 2.3 billion units valued at N1.2 billion, while NASD Plc was in third place with 42.0 million units valued at N447.4 million.