NASD OTC Bourse Records 6.97% Rise in Week 20

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange showed no sign of slowing down as it extended its stellar run for another week in Week 20 with a 6.97 per cent appreciation.

This expanded the market capitalisation of the alternative bourse by N94 billion to N1.720 trillion from N1.608 trillion quoted in Week 19 and the NASD Unlisted Security Index (NSI) increased by 81.89 points to 1,256.02 points from the 1,174.13 points it ended a week earlier.

Newrest Asl Plc chalked up 21 per cent on a week-on-week basis to end at N21.43 per unit versus N25.93 per unit in the previous week, Aradel Holdings Plc appreciated by 20.2 per cent to close at N3,285.44 per share compared with the previous closing value of N2,732.36 per share, and Mixta Real Estate Plc jumped by 10.4 per cent to N1.80 per unit from N1.63 per unit.

In reverse, Central Securities Clearing System (CSCS) lost 9.5 per cent to end at N19.45 per share versus the previous week’s N21.50 per share, UBN Property Plc shrank by 8.9 per cent to N1.72 per unit from N1.89 per unit, Afriland Properties Plc fell by 4.5 per cent to end at N14.00 per share versus N14.50 per share, and FrieslandCampina Wamco Nigeria Plc depreciated by 0.4 per cent to N50.00 per unit from N50.21 per unit.

The total volume of trades during the week rose by 15.2 per cent to 72.9 million units from 63.3 million units, but the total value of transactions went down by 3.9 per cent to N1.99 billion from N2.07 billion, and the number of deals increased by 38.5 per cent to 252 trades from 182 trades of the preceding week.

Aradel Holdings Plc topped the activity chart by value last week with N1.9 billion, followed by Mixta Real Estate Plc with N126 million, CSCS Plc posted N31 million, FrieslandCampina Wamco Plc recorded N8.0 million and UBN Property Plc recorded N1.0 million.

But Mixta Real Estate Plc was the most traded equity by volume with 69.9 million units, trailed by CSCS Plc with 1.4 million units, UBN Property Plc exchanged 0.75 million units, Aradel Holdings Plc transacted 0.59 million units, and FrieslandCampina Wamco Plc traded 0.17 million units.