11 Plc, Two Others Lift NASD OTC Market by 0.15%

By Adedapo Adesanya

There was a 0.15 per cent gain at the NASD Over-the-Counter (OTC) Securities Exchange on Thursday, June 13 after the market resumed following the Democracy Day break the previous day.

11 Plc led the charge yesterday after it gained N18.45 to end at N202.95 per share compared with the previous session’s N184.50 per share, Central Securities Clearing System (CSCS) appreciated by 1o Kobo to close at N19.99 per unit versus the preceding session’s N19.89 per unit, and Food Concepts Plc gained 1 Kobo to sell for N2.15 per unit, in contrast to Tuesday’s value of N2.14 per unit.

Conversely, Aradel Holdings Plc depreciated by N20.13 to trade at N5,000 per share versus the previous day’s closing price of N5,020.13 per share.

At the close of business, the market capitalisation increased during the session by N3.05 billion to settle at N2.097 trillion compared with the previous day’s N2.094 trillion and the NASD Unlisted Security Index (NSI) recorded a rise by 2.22 points to end the day at 1,530.45 points as against the 1,528.23 points recorded at the previous session.

Yesterday, the volume of securities traded at the bourse jumped by 738.9 per cent to 5.1 million units from the 602,380 units transacted a day earlier.

However, the value of shares bought and sold by the market participants decreased by 41.4 per cent to N177.8 million from the N303.4 million recorded in the preceding trading day.

Also, the number of deals carried out during the session went down by 42.3 per cent to 30 deals from the 52 deals executed in the previous trading session.

Aradel Holdings Plc was the most active stock by value (year-to-date) with 6.0 million units sold for N15.4 billion, CSCS Plc was second with 101.3 million units worth N2.5 billion, and Capital Hotels Plc was third with 228.6 million units valued at N1.1 billion.

Capital Hotels Plc closed the day as the most active stock by volume (year-to-date) with 228.6 million units worth N1.1 billion, the second was Mixta Real Estate Plc with 139.8 million units valued at N240.1 million, and the third was CSCS Plc with 101.3 million units sold for N2.5 billion.