Adedapo Adesanya
By Adedapo Adesanya
The week came to a close at the NASD Over-the-Counter (OTC) Securities Exchange on Friday, May 8, on a flat note.
During the session, both the NASD Unlisted Security Index (NSI) and the market capitalisation recorded no movement for the fourth straight session.
The NSI remained at 700.35 points, while the bourse’s market capitalisation, which measures the total value of stocks on the exchange, remained at N500.35 billion.
Also, the market closed without any price gainer or loser as prices of securities at the market remained at their previous levels.
However, there were movements in the level of activity as the volume of shares depressed by 81.04 percent, the value of stocks decreased by 75.04 percent, while the number of deals declined by 77.78 percent.
At the trading session, the total volume of shares transacted by investors were 4,475 units worth N483,300 executed in two deals.
But at the previous session, which was on Thursday, market participants traded 23,600 units of securities valued at N1.94 million carried out in nine deals.
Business Post reports that the two deals of yesterday’s session were done by FrieslandCampina WAMCO Nigeria Plc.
When activities were wrapped up on Friday, ARM Life Plc remained as the most traded stock by volume (year-to-date), trading 7.4 billion units of its shares worth N4.6 billion. Food Concept Plc was in second place for transacting 110 million units valued at N77 million, while Lighthouse Financial Services Plc followed in third place with 48 million units traded at N24 million.
In terms of the most active equity by value (year-to-date), ARM Life Plc still retained its top position for transacting a total of 7.4 billion units of stocks worth N4.6 billion. On the second spot was Niger Delta Exploration and Production Plc, which has traded 6.8 million units of its shares valued at N2.1 billion, while Friesland Campina WAMCO Nigeria Plc occupied the third spot with 2.4 million units worth N290.7 million.
