Unlisted Securities Chalk up N49.82bn at Midweek

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange recorded a 2.54 per cent appreciation on Wednesday, August 7 seeing the bourse return to the N2 trillion mark.

As a result of this, the bourse added N49.82 billion to settle at the midweek session at N2.010 trillion compared with the preceding day’s N1.960 trillion, and the NASD Unlisted Security Index (NSI) increased by 63.36 points to wrap the session at 1,467.30 points compared with 1,403.94 points recorded at the previous session.

There were three gainers and two losers at the session, with the gainers’ group led by Purple Real Estate Plc after it improved by 68 Kobo to end the session at N7.47 per unit versus Tuesday’s closing price of N6.79 per unit.

FrieslandCampina Wamco Nigeria Plc grew by N3.97 to sell at N50.00 per share compared with the previous day’s N46.03 per share, and Aradel Holdings Plc increased by N209.10 to end at N4,609.10 per unit compared with the previous day’s N4,400.00 per unit.

Conversely, Afriland Properties Plc depreciated by N1.50 to end the session at N14.50 per share, in contrast to the preceding day’s N16.00 per share, and Central Securities Clearing System (CSCS) Plc went down by 82 Kobo to end at N19.66 per unit against the preceding session’s N20.48 per unit.

Yesterday, there was a slump in the volume of securities traded by 55.9 per cent to 181,012 units from 410.172 units, but the value of transactions increased by 64.2 per cent to N480.8 million from N292.8 million, and the number of deals by 37.7 per cent to 33 deals from 53 deals.

Capital Hotels Plc was the most active stock by volume (year-to-date) with 259.6 million valued at N1.3 billion, followed by Afriland Properties Plc with 230.5 million units sold for N4.1 billion, and Industrial and General Insurance (IGI) Plc with 218.8 million units worth N46.1 million.

Aradel Holdings Plc ended the session as the most active stock by value (year-to-date) with 8.8 million units valued at N28.1 billion, trailed by Afriland Properties Plc with 230.5 million units worth N4.1 billion, and CSCS Plc with 102.3 million units sold for N2.5 billion.