Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed flat on Tuesday, November 15, as key performance indicators remained unchanged.
Business Post reports that this happened despite the share price of NASD Plc recording an appreciation of 7 Kobo to settle at N14.79 per unit versus the previous N14.72 per unit.
When trading activities finished for the day, the market capitalisation of the bourse retained the previous value of N936.99 billion, while the NASD Unlisted Securities Index (NSI) remained without change at 713.07 points.
In the midst of this, the level of activity at the unlisted securities market waned yesterday as investors traded a total of 110,999 units of stocks, in contrast to the 30.1 million units of stocks transacted at the preceding session, indicating a fall of 99.6 per cent.
Equally, the value of shares exchanged by the market participants depreciated by 73.9 per cent to N9.3 million from the N35.7 million recorded a day earlier.
However, the total number of deals executed by traders went up by 100 per cent to 12 deals from the six deals performed on Monday.
AG Mortgage Bank Plc finished the trading day as the most traded stock by volume on a year-to-date basis with the sale of 2.3 billion units worth N1.2 billion, Central Securities Clearing System (CSCS) Plc also retained the second spot with the sale of 687.8 million units valued at N14.3 billion, while Lighthouse Financial Services Plc was in third place for trading 224.7 million units valued at N112.3 million.
In the same vein, CSCS Plc maintained its position as the most active stock by value on a year-to-date basis with a turnover of 687.8 million units valued at N14.3 billion, VFD Group Plc was in second place with the sale of 29.1 million units worth N7.7 billion, while FrieslandCampina WAMCO Nigeria Plc retained the third place with the sale of 15.7 billion units valued at N1.8 billion.
