By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed flat on Thursday, May 24, after the market capitalisation remained at N1.001 trillion and the NASD unlisted securities index (NSI) intact at 723.26 points at the close of transactions.
Business Post reports that this happened as trading data showed a reduction in the volume, value, and number of deals.
Investors traded just 51,910 units of securities, in contrast to the 324,782 units of securities transacted in the preceding session, indicating a fall of 84.0 per cent.
Equally, the value of shares exchanged by the market participants depreciated by 97.8 per cent to N245,560.00 from the N10.9 million recorded a day earlier.
In the same vein, the total number of deals executed went down by 77.4 per cent as seven deals were performed at the exchange as against the 12 deals printed at the Wednesday session.
There was no price gainer or loser as Geo-Fluids Plc remained the most traded stock by volume (year-to-date) with 832.0 million units valued at N1.3 billion, Industrial and General Insurance (IGI) Plc stood in second place with 627.7 units worth N49.4 million, while UBN Property Plc was in third place with 390.9 million units valued at N332.0 million.
The most traded stock by value (year-to-date) remained VFD Group Plc with a turnover of 10.6 million units worth N2.4 billion, followed by Geo-Fluids Plc with 832.0 million units valued at N1.3 billion, and FrieslandCampina Wamco Nigeria Plc with 12.4 million units valued at N874.4 million.
