Afriland Marginally Lifts NASD OTC Securities Exchange

September 14, 2022
NASD OTC Exchange

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange recorded a marginal gain of 0.01 per cent on Tuesday, September 13 inspired by Afriland Properties Plc.

According to data from the NASD OTC Securities Exchange, the market capitalisation went up by N10 million at the close of business to N982.61 billion from N982.60 billion.

Also, the NASD Unlisted Securities Index (NSI) increased by 0.1 points to wrap the session at 746.43 points compared with 746.18 points in the previous session.

On the second trading day of the week, the stock price of Afriland Plc rose by 11 Kobo to close at N1.21 per unit compared to N1.10 per unit it sold in the Monday session.

The day’s trading activity revealed that there was a decrease in the volume of securities traded at the bourse as investors bought 264,249 units of shares compared to the previous trading day’s 1.4 million units of shares, indicating an 80.7 per cent dip.

In the same vein, the value of stocks exchanged by the market participants yesterday depreciated by 98.3 per cent to N4.6 million from the N271.9 million recorded in the previous session.

Similarly, the number of transactions carried out during the session depreciated by 26.7 per cent to close at 11 deals in contrast to Monday’s 15 deals.

The most traded stock by volume on a year-to-date basis was still AG Mortgage Bank Plc with a turnover of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc followed with the sale of 687.5 million units worth N14.3 billion, while Food Concepts Plc was in third place with 147.8 million units valued at N128.4 million.

The most active stock by value on a year-to-date basis was still held by CSCS Plc with the sale of 687.5 million units worth N14.3 billion, VFD Group Plc was in second place with 27.7 million units valued at N7.4 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place for transacting 14.2 million units valued at N1.7 billion.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Leave a Reply

Black Market
Previous Story

Naira Crashes to N710/$1 at Black Market as FX Scarcity Bites Harder

NGX Technology Board Webinar
Next Story

Nigerian Exchange to Host Technology Board Webinar October 6

Latest from Economy

Don't Miss