Value of Stocks at NASD Exchange Remains at N509bn

By Adedapo Adesanya

Trading activities at the NASD Over-the-Counter (OTC) Securities Exchange closed flat at the last session of the this week.

As a result, the NASD Unlisted Securities Index (NSI) remained on Friday at 692.71 points, while the market capitalisation ended at N508.84 billion.

During trading yesterday, a total of three deals were executed, 200 percent or two deals higher than the single deal achieved on Thursday.

Business Post reports that the three deals recorded on Friday were from the transactions carried on the shares of Central Securities Clearing Systems (CSCS) Plc.

Investors traded 349,000 stocks of the securities depository company in contrast to 100 units of another company’s stocks traded the previous day. This made the volume of transactions yesterday 348,900 percent or 348,900 units higher.

Also, the total value of shares transacted during the session increased 36,254 percent to N4.4 million from N12,000 quoted on Thursday.

At the close of business, ARM Life Plc maintained its position as the most active stock volume (year-to-date) with 7.4 billion units of its shares worth N4.6 billion transacted by investors at the bourse. Food Concept Plc was in second place with 110 million units worth N77 million, while Lighthouse Financial Service Plc held the third position with 47.7 million units of its shares traded for N23.8 million.

As the most active equity by value (year-to-date), ARM Life Plc was still on top of the chart at the close of activities at the exchange. The company has traded 7.4 billion units of its shares worth N4.6 billion so far this year. It was followed by Niger Delta Exploration and Production (NDEP) Plc, which has transacted 6.5 million units for N2.03 billion, while FrieslandCampina WAMCO Nigeria Plc has traded 2.2 million units of its securities valued at N269.7 million at the exchange.