The NASD Over-the-Counter (OTC) Securities Exchange closed flat on Wednesday, July 16, on weak investors’ appetite after the market resumed from a break in honour of the late former Nigerian President Muhammadu Buhari on Tuesday.
At the close of trading yesterday, the market capitalisation remained unchanged at N2.033 trillion and the NASD Unlisted Security Index (NSI) was intact at 3,472.84 points.
The bourse was not operational the previous day because of the public holiday to commemorate the demise of the late Nigerian leader, who died on Sunday in London and was buried in his hometown of Daura on Tuesday.
Business Post reports that the share prices of all stocks on the trading platform remained unchanged at midweek.
However, the activity chart witnessed movements, with the volume of transactions going down by 99.9 per cent to 90 units from the 1.3 million units recorded on Monday.
Also, the value of trades by the market participants declined by 99.9 per cent to N5,850 from the N9.9 million achieved in the previous trading day, and the number of deals went down by 84 per cent to four deals from the 25 deals executed in the preceding session.
Impresit Bakolori Plc remained the most active stock by volume on a year-to-date basis with the sale of 536.9 million units for N524.8 million, the second spot was taken by Air Liquide Plc with 507.2 million units valued at N4.2 billion, and the third position was claimed by Geo-Fluids Plc with 272.3 million units worth N493.4 million.
Okitipupa Plc ended the trading day as the most traded stock by value on a year-to-date basis with a turnover of 153.8 million units valued at N4.9 billion, Air Liquide Plc occupied the second spot with 507.2 million units traded for N4.2 billion, and the third position was taken by FrieslandCampina Wamco Nigeria Plc with 42.3 million units worth N1.8 billion.