Adedapo Adesanya
By Adedapo Adesanya
Trading activities at the unlisted securities market in Nigeria closed in a stalemate on Wednesday to put an to the two days of straight growths at the bourse.
When the NASD Over-the-Counter (OTC) Securities Exchange closed for the day’s business yesterday, the major performance indicators remained unchanged.
Business Post reports that at the midweek session, the NASD Unlisted Security Index (NSI) remained at 729.94 points, while the market capitalisation stayed at N536.19 billion.
But on the activity chart, there was a mixed outcome as the key barometers moved in different directions at the end of the trading session.
For instance, the volume of stocks transacted by investors moved south by 57.8 per cent as a total of 4,500 shares exchanged hands in the midweek trading day compared with 10,650 units transacted at the market on Tuesday.
However, the value of the transactions faced north by 7.6 per cent as securities worth N253,275 were traded by market participants in contrast to the N235,317.50 worth of shares traded a day before.
For the number of deals executed on Wednesday, it remained unchanged at two deals and they were carried out on securities belonging to FrieslandCampina WAMCO Nigeria Plc and Central Securities Clearing Systems (CSCS) Plc.
At the close of trading activities, there were no single price gainers or losers as all the 41 admitted securities on the bourse maintained their previous values.
ARM Life Plc, at the close of business on Wednesday, remained as the most active stock by volume (year-to-date) with 7.4 billion units of its shares traded for N4.6 billion. The insurer was trailed by CSCS Plc, which has traded 203.1 million units valued at N2.7 billion, and Food Concepts Plc, which has transacted 128.1 million units for at N90.2 million.
In terms of the most traded equity by value (year-to-date), ARM Life Plc still maintained the top position for trading 7.4 billion units worth N4.6 billion. Niger Delta Exploration and Production Plc trailed with 10.4 million units transacted for N3.2 billion, while CSCS Plc traded 203 million units worth N2.7 billion.
