Unlisted Securities Market Extends Loss by 1.28%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.28 per cent loss on Thursday, June 20, triggered by Aradel Holdings and FrieslandCampina Wamco Nigeria Plc.

Aradel Holdings Plc lost N146.85 to end at N5,000.03 per share compared with the previous day’s N5,150.00 per share, and FrieslandCampina Wamco Nigeria Plc depreciated by 21 Kobo to sell at N43.75 per unit versus N43.96 per unit.

However, Central Securities Clearing System (CSCS) Plc appreciated by N1 during the trading session to settle at N21.00 per share, in contrast to Wednesday’s closing price of N20.00 per share.

When trading activities finished for the session, the total value of the unlisted securities market was reduced by N27.31 billion to N2.101 trillion from the N2.129 trillion it closed in the preceding session, and the NASD Unlisted Security Index (NSI) decreased by 19.93 points to wrap the session at 1,553.79 points compared with 1,533.72 points recorded at the previous session.

There was a rise in the volume of securities traded in the week’s second session (recall that the market was closed for the first two days of the week) as investors exchanged stocks worth 1.4 million units, 337 per cent higher than the 314,446 units traded in the preceding session.

Also, there was a jump in the value of shares traded yesterday as it stood at N207.2 million, which by evaluation is 736 per cent higher than N24.8 million units made previously.

These transactions came from 51 deals, 45.7 per cent higher than the 35 deals carried out in the preceding trading session.

Aradel Holdings Plc closed the day as the most active stock by value on a year-to-date basis with a turnover of 6.1 million units valued at N15.6 billion, trailed by CSCS Plc with 101.4 million units worth N2.5 billion, and Capital Hotels Plc with 228.6 million units sold for N1.1 billion.

Capital Hotels Plc ended the trading day as the most active stock by volume on a year-to-date basis with 228.6 million units valued at N1.1 billion, followed by Industrial and General Insurance (IGI) Plc with the sale of 218.8 million units for N46.1 million, and Mixta Real Estate Plc with 139.8 million units worth N240.1 million.