Adedapo Adesanya
By Adedapo Adesanya
Thursday’s session at the NASD Over-the-Counter (OTC) Securities Exchange ended with the bulls and bears sharing the spoils.
The NASD Unlisted Securities Index (NSI) held up its position as it stayed at 728.14 points, the same points it recorded on Wednesday, just like the market capitalisation closed flat at N522.45 billion.
This happened as only three deals were made during the session at the exchange compared to the 13 deals achieved at the preceding session, indicating a 62.5 per cent drop in the executed deals.
All the deals were executed on stocks belonging to Central Securities Clearing Systems (CSCS) Plc, but this did not move its share price as they remained stable.
At the market yesterday, the total number of shares transacted rose by 25.6 per cent as 975,000 units were traded compared to 776,250 units on record at the previous session.
But the value of the transactions reduced by 28.8 per cent as N15.6 million worth of securities exchanged hands compared to the N21.9 million worth of stocks traded by market participants at the midweek session.
Thursday’s data showed that UBN Property Plc still held its place as the most traded stock by volume (year-to-date) with a total transaction of 15.1 million units worth N16.3 million. CSCS Plc was in second place with 1.4 million units transacted for N21.9 million, while FrieslandCampina WAMCO Plc followed with 651,635 units worth N80.7 million.
But in terms of the most traded stock by value (year-to-date), Niger Delta Exploration and Production (NDEP) Plc topped the chart with 247,650 units traded for N86.1 million, FrieslandCampina WAMCO Plc was next with 651,635 units worth N80.7 million, while CSCS Plc settled on the third spot with N21.9 million units realised after selling 1.4 million units of its securities.
