By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed the first trading session of the week on a positive note with a 2.40 per cent increase on Monday, August 12.
The sole price gainer, Aradel Holdings Plc, was responsible for the growth recorded in the trading session, with its value rising by N225.64 to N4,829.26 per unit from the preceding day’s N4,603.63 per unit.
As a result, the market capitalisation of the NASD OTC exchange went up by N47.96 billion to wrap the session at N2.043 trillion compared with the N1.995 trillion it closed in the preceding session.
In the same vein, the NASD Unlisted Security Index (NSI) appreciated by 34.99 points to 1,491.52 points from the 1,456.53 points recorded last Friday.
Yesterday, Food Concepts Plc lost 4 Kobo after its price ended at N1.90 per share, in contrast to the N1.94 per share it finished in the preceding trading day.
The volume of securities traded by investors on Monday significantly went down by 81.9 per cent to 520,454 units from the 2.9 million securities traded in the preceding session.
However, the value of securities traded during the session increased by 37.2 per cent to N1.4 billion from the N1.03 billion achieved last Friday, while the number of deals carried out remained unchanged at 64 deals.
When trading activities ended for the session, Aradel Holdings Plc retained its spot as the most traded stock by value on a year-to-date basis with the sale of 9.5 million units for N31.2 billion, followed by Afriland Properties Plc with a turnover of 230.5 million units worth N4.1 billion, and Central Securities Clearing System (CSCS) Plc with 105.7 million units valued at N2.5 billion.
Similarly, Capital Hotels Plc remained the most active stock by volume on a year-to-date basis with 259.6 million valued at N1.3 billion, trailed 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.
Dipo Olowookere