By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange witnessed a heavy loss as its most capitalised stock, Aradel Holdings Plc, exited the bourse after 12 years.
The market capitalisation shrank to N1.049 trillion after the integrated energy firm took its shares valued at over N3 trillion from the alternative stock exchange. In the preceding trading day, the market capitalisation of the bourse closed at N4.100 trillion. Aradel Holdings Plc debuted on the Nigerian Exchange (NGX) Limited via introduction on Monday.
However, the NASD Unlisted Security Index (NSI) improved by 0.14 per cent or 4.07 points to end the day at 2,993.07 points as against 2,989.00 points it recorded at the previous session.
During the session, Acorn Petroleum Plc increased its value by 20 Kobo to sell at N2.20 per share compared to the preceding session’s N2.00 per share, Mixta Real Estate Plc gained 15 Kobo to close at N1.95 per unit versus N1.80 per unit, and Central Securities Clearing System (CSCS) expanded by 6 Kobo to quote at N23.10 per unit, in contrast to last Friday’s price of N23.04 per unit.
However, Nipco Plc went down by N4 yesterday to finish at N89.00 per share compared with the previous day’s N93.00 per share.
The volume of securities traded at the bourse decreased by 99.4 per cent to 765,981 units from 117.1 million units, the value of shares went down by 99.7 per cent to N11.1 million from N3.41 billion, and the number of deals declined by 91/5 per cent to 17 deals from 191 deals.
Despite its exit, Aradel Holdings Plc remained the most active stock by value (year-to-date) with 108.7 million units worth N89.2 billion, Okitipupa Plc came next with 751.3 million units valued at N7.7 billion, and Afriland Properties Plc was in third with 296.4 million units sold for N5.3 billion.
Geo-Fluids Plc remained as the most active stock by volume (year-to-date) with 1.4 billion units sold for N3.3 billion, Okitipupa Plc came next with 751.3 million units valued at N7.7 billion, and Afriland Properties Plc followed with 296.4 million units worth N5.3 million.
