Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange finished unchanged on Friday as investors practically stayed away from the market.
Business Post reports that there was no price gainer or loser at the final trading session of the week at the unlisted securities market.
At the close of transactions, the market capitalisation of the alternative securities exchange closed at N935.12 billion, while the NASD Unlisted Securities Index (NSI) closed at 711.66 basis points.
However, the activity chart witnessed changes during the session as investors traded a total of 20,000 units of securities, in contrast to the 82,525 units of securities transacted in the preceding session, indicating a slump of 75.8 per cent.
The value of shares exchanged by the market participants went down yesterday by 75.8 per cent to 1.3 million from the N5.5 million recorded in the previous session.
In the same vein, the total number of deals carried out on Friday depreciated by 90 per cent as only a single deal was executed compared with the 10 deals recorded a day earlier.
AG Mortgage Bank Plc finished the trading day as the most traded stock by volume on a year-to-date basis with a turnover of 2.3 billion units worth N1.2 billion, Central Securities Clearing System (CSCS) Plc has traded 687.8 million units valued at N14.3 million to retain the second spot, while Lighthouse Financial Services Plc held tight to the third position with the sale of 224.7 million units valued at N112.3 million.
The most traded stock by value on a year-to-date basis was still CSCS Plc with the sale of 687.8 million units worth N14.3 billion, followed by VFD Group Plc with a turnover of 29.1 million units worth N7.7 billion, and FrieslandCampina WAMCO Nigeria Plc was in third place with the sale of 16.4 million units valued at N1.8 billion.
