Five Stocks Lift Unlisted Security Index by 0.45%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.45 per cent appreciation on Friday, February 3 after five stocks finished on the gainers’ table.

The quintet were led by Acorn Petroleum Plc, which rose by 7 Kobo to end the day at N1.00 per unit compared with the preceding day’s 93 Kobo per unit, Central Securities Clearing System (CSCS) Plc appreciated during the session by N1.23 to sell at N20.00 per share versus Thursday’s closing price of N18.77 per share, and Afriland Properties Plc increased its value by 1 Kobo to trade at N3.96 per share compared with the previous day’s N3.97 per share.

In addition, FrieslandCampina Wamco Nigeria Plc gained 6 Kobo to close the session at N78.50 per unit versus N78.44 per unit, and Aradel Holdings Plc jumped by N1.00 to end the session at N2,007.00 per unit, in contrast to the previous day’s N2,006.00 per unit.

These gains raised the market capitalisation of the alternative stock exchange by N6.63 billion, ending the final session of the week at N1.475 trillion compared with the preceding day’s N1.469 trillion.

In the same vein, the market’s benchmark index, the NASD Unlisted Security Index (NSI), rose by 4.89 points to wrap the session at 1,088.74 points compared with 1,083.85 points recorded at the previous session.

A look at the activity chart indicated that there was an 87.5 per cent rise in the value of securities traded at the closing session of the week to N41.6 million from N22.2 million, though the volume of shares traded yesterday slumped by 53.7 per cent to 307,965 units from the 665,283 units posted on Thursday, as the number of deals went down by 41.7 per cent to seven deals from the 12 deals carried out a day earlier.

IPWA Plc remained the most traded stock by volume (year-to-date) for selling 48.9 million units worth N24.4 million, followed by UBN Property Plc with 35.1 million units valued at N61.3 million, and Geo-Fluids with 30.1 million units worth N73.6 million.

Aradel Holdings Plc also remained as the most traded stock by value (year-to-date) for trading 500,057 units valued at N751.2 million, trailed by FrieslandCampina Wamco Nigeria Plc with 2.4 million units worth N184.9 million, and Geo-Fluids Plc with 30.1 million units valued at N73.6 million.