Adedapo Adesanya
By Adedapo Adesanya
The first trading day of the new week closed flat on the floor of the NASD Over-the-Counter (OTC) Securities Exchange despite the weekly gain posted by the market last week.
On Monday, when activities resumed at the nation’s unlisted securities market, the main performance indicators, the market capitalisation and the NASD unlisted Security Index (NSI) ended at the same level they were last Friday, when investors last had any deal on the trading platform.
Business Post reports that the market capitalisation remained at N498.04 billion at the close of transactions yesterday, while the index settled at 693.22 points, the same point recorded at the Friday’s session.
However, the activity was terribly hit during the session as the volume of trades significantly declined by 99.7 percent from 37,800 units recorded at the last session to 100 units.
In the same vein, the value of the transactions carried out at the market on Monday broadly depreciated by 96.4 percent from N316,609 million at the previous trading day to N11,500.
In addition, the total number deals executed by investors during the session also fell by six deals or 85.71 percent from 7 deals last Friday to just a single deal executed yesterday.
When market closed for business on Monday, the NASD Exchange printed no price gainer or price decliner as prices of all stocks on the platform remained at their previous levels.
On the most active stock chart, nothing changed either as Central Securities Clearing System (CSCS) Plc remained top as the most traded stock by value (year-to-date) with 202,272,698 units worth N2.53 billion, while UBN Properties followed on the list with 884,529,600 units of its stocks valued N1.2 billion.
On the other hand, Food Concept Plc remained at the top as the most active by volume (year to date) with 1,158,828,284 units valued at N844 billion, while UBN Properties followed with 941,319,697 units worth N1.27 billion.
