By Adedapo Adesanya
Three bellwether stocks lifted the NASD Over-the-Counter (OTC) Securities Exchange by 3.01 per cent on Wednesday, May 15.
UBN Property Plc gained 17 Kobo during the session to trade at N1.89 per unit compared with the previous day’s N1.72 per unit, as Aradel Holdings Plc expanded its price by N213.92 to N3,159.95 per share from N2,964.03 per share, and FrieslandCampina Wamco Nigeria Plc grew by N2.46 to sell at N52.55 per unit versus N50.09 per unit.
Conversely, Central Securities Clearing System (CSC) Plc depreciated during the trading day by 50 Kobo to quote at N21.00 per share, in contrast to the preceding day’s N21.50 per share.
The gains reported by the trio lifted the value of the unlisted securities exchange by N49.73 billion to N1.703 trillion from the N1.653 trillion it ended a day earlier.
Similarly, the NASD Unlisted Security Index (NSI) increased by 36.31 points to wrap the session at 1,243.47 points compared with the 1,207.16 points recorded at the previous session.
Investors exchanged 384,105 units of securities at midweek, 2.1 per cent lower than the 392,453 units of securities traded in the preceding session, as the value of transactions went down by 5.3 per cent to N370.8 million from the N391.4 million achieved in the previous trading day.
These trades were carried out in 50 deals compared with the 3 deals executed in the previous trading session, indicating a 16.3 per cent rise.
Capital Hotels Plc remained the most active stock by volume (year-to-date) with 228.6 million valued at N1.1 billion, with CSCS Plc occupying the second spot after the sale of 99.0 million units worth N2.4 billion, and IPWA Plc taking the third position with a turnover of 79.9 million units for N40.0 million.
The most active stock by value (year-to-date) remained Aradel Holdings Plc with a turnover of 4.8 million units valued at N10.1 billion, and CSCS Plc was second with 99.0 million units sold for N2.4 billion, and Capital Hotels Plc followed with 228.6 million worth N1.1 billion.
Dipo Olowookere