Unlisted Securities Traders Lose N81bn in Week 15

By Adedapo Adesanya

The 15th  week of trading at the NASD Over-the-Counter (OTC) Securities Exchange was bearish despite operating for only two days after the financial markets in Nigeria went on a three-day break from Tuesday through Thursday for the Eid-el-Fitr holiday.

Business Post reports that the unlisted securities market was down by 5.19 per cent last week, leaving the bourse in the negative territory at the close of transactions for the week.

Consequently, the value of the alternative exchange went down by N81 billion to N1.409 trillion from N1.490 trillion in Week 14, and the NASD Unlisted Security Index (NSI) depreciated by 56.37 points to 1,028.79 points from 1,085.16 points.

There were two price gainers in the two-day trading week and four price losers led by Aradel Holdings Plc, which fell by 15 per cent to N1,700.00 per unit from the previous closing value of N2,000.00 per unit. FrieslandCampina Wamco Nigeria Plc lost 7.1 per cent to close at N65.00 per share versus the previous closing value of N70.00 per share, 11 Plc dipped by 4.6 per cent to N186.00 per unit from N195.00 per unit, and Geo-Fluids Plc declined by 2.4 per cent to N2.49 per share from the previous week’s N2.55 per share.

Conversely, Afriland Properties Plc gained 6.8 per cent in the week to sell for N10.25 per unit versus N9.60 per unit, and Capital Hotels Plc grew by 2.3 per cent to N5.00 per share from N4.89 per share.

In the week, the total volume of transactions rose by 26,474.5 per cent to 230.9 million units from 870,000 units, the value of trades expanded by 412.4 per cent to N1.2 billion from N237.5 million, and the number of deals decreased by 32.7 per cent to 37 deals from 55 deals.

Capital Hotels Plc was the most traded stock by volume last week with 228.6 million units, followed by Central Securities Clearing System (CSCS) Plc with 1.9 million units, Geo-Fluids Plc with 0.27 million units, Afriland Properties Plc with 0.07 million units, and FrieslandCampina Wamco Nigeria Plc with 0.03 million units.

Also, Capital Hotels was the busiest equity by value in the week with N1.1 billion, CSCS Plc traded N400 million, Aradel Holdings Plc posted N300 million, FrieslandCampina Wamco Plc recorded N200 million, and Afriland Properties transacted N1.4 million.