Adedapo Adesanya
By Adedapo Adesanya
For the 9th consecutive day, activities on the floor of the NASD Over-the-Counter (OTC) Securities Exchange closed flat on Monday. This has been the same situation for the market since Wednesday, February 19, 2020.
Business Post reports that the market has not recorded any movement since that day, with the market capitalisation still at N503.55 billion and the NASD Unlisted Securities Index (NSI) static at 700.39 points.
However, there have been movements in the activity chart and yesterday’s proceedings were not different. At the first trading day of the new week, the number of shares transacted by investors increased by over one million units or 527 percent.
Data obtained from the exchange showed that the volume of trades on Monday was 1.3 million units in contrast to the 200,056 units of securities traded last Friday.
Also, the total value of shares transacted at the session increased by 575 percent or N13.8 million as trades worth N16.2 million occurred on Monday compared with the previous day’s N2.4 million.
Likewise, the total number of deals executed by market participants at the NASD Exchange improved by 200 percent or six deals to nine deals from three deals of the previous trading day.
However, the market still ended with no single price gainer or loser. Share prices of securities listed on the OTC trading platform remained at the previous closing prices.
On the activity chart, ARM Life Plc still retained its position as the most traded stock by volume (year-to-date) with 7.4 billion units of its shares traded at N4.6 billion. The Central Securities Clearing System Plc (CSCS) Plc was in second position after selling 12.1 million units worth N140 million, while Niger Delta Exploration and Production (NDEP) Plc has transacted 5.7 million units of its stocks worth N1.8 billion so far this year.
For the most traded equity by value (year-to-date), ARM Life Plc also remained on top of the chain with 7.4 billion units worth N4.6 billion. NDEP Plc occupied the second spot with 5.7 million units of its shares transacted for N1.8 billion, while CSCS Plc followed with 12.1 million units worth N140 million.
