By Adedapo Adesanya
After closing the previous session in the positive region, the NASD Over-the-Counter (OTC) Securities Exchange ended Thursday’s trading day flat, with the key barometers remaining at their previous levels.
At the midweek, FrieslandCampina Wamco Nigeria Plc had helped the market to close green, but the stock or any other could not further lift the market capitalisation beyond N503.55 billion it closed the previous day or help the NASD Unlisted Securities Index (NSI) go past the 700.39 points it printed on Wednesday.
At the bourse yesterday, the volume of shares transacted appreciated by 444 percent or 217,837 units to 266,908 units from the 49,071 units of securities transacted the previous day.
Similarly, the total number of deals executed by investors at the NASD OTC Exchange on Thursday increased by four or 57.14 percent as 11 deals were executed at the session compared with seven deals at the midweek session.
However, the value of shares transacted by investors further depreciated 57 percent or N6.1 million as securities worth N4.7 million exchanged hands in contrast to N10.8 million transacted at the previous session.
A further look at the activity chart indicated that in terms of most traded securities by value (year-to-date), Niger Delta Exploration and Production (NDEP) Plc dominated with 4.4 million units of its shares sold for N1.4 billion, while FrieslandCampina Wamco Nigeria Plc, which followed, has traded 801,571 units of its stocks for N100.4 million, with Central Securities Clearing System (CSCS) Plc still in third place after trading 4.4 million units of its securities valued at N52.8 million.
In terms of being the most traded equity by volume (year-to-date), ARM Life Plc kept its place with 29 million units of its shares exchanged for N18.3 million at the market, while CSCS Plc came second place with 4.4 million units valued at N52.8 million, with NDEP Plc, which is in third position, trading 4.4 million units of its stocks for N1.4 billion.
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