Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a marginal gain of 0.02 per cent on Friday, December 15, amid decline in the volume and the value of securities traded by investors.
The market participants bought and sold 10.9 million units of securities on the final trading session of the week compared with the 40.3 million units of securities transacted a day earlier, implying a 72.9 per cent decline.
Also, the value of shares traded at the session dropped to N49.5 million, 58.3 per cent lower than the N118.6 million posted in the previous trading day.
However, the number of transactions carried out during the session increased by 27.3 per cent to 14 deals from the 11 deals executed in the preceding trading session.
Yesterday, Food Concepts Plc appreciated by 2 Kobo to close at N1.67 per unit compared with the previous day’s price of N1.65 per unit, and Acorn Petroleum chalked up 1 Kobo to settle at 66 Kobo per unit versus Thursday’s closing price of 65 Kobo per unit.
Inversely, Central Securities Clearing System (CSCS) Plc made a 4 Kobo loss to close at N18.72 per unit compared with the previous day’s N18.76 per unit and Geo-Fluids Plc went down by 4 Kobo to end at N2.65 per share, in contrast to the preceding day’s N2.69 per share.
At the close of transactions, the NASD Unlisted Security Index (NSI) rose by 0.14 points to 902.99 points from the 902.85 points it finished in the previous session, and the market capitalisation increased by N180 million to remain relatively flat at N1.224 trillion.
UBN Property Plc ended as the most traded stock by volume (year-to-date) with 1.7 billion units sold for N2.2 billion, CSCS Plc was in second place with 1.2 billion units valued at N22.4 billion, and Geo-Fluids Plc stood in third place with 782.1 units worth N1.6 billion.
CSCS Plc was the most traded stock by value (year-to-date) with 1.2 billion units worth N22.4 billion, VFD Group has traded 26.6 million units valued at N5.9 billion to remain second despite exiting the platform, and Aradel Holdings Plc maintained third place with 7.8 million units sold for N3.2 billion.
