Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.06 per cent appreciation on Tuesday, March 26 as Afriland Properties Plc gave the unlisted securities bourse the needed push.
The market capitalisation added N860 million to close at N1.469 trillion compared with the preceding day’s N1.468 trillion, as the NASD Unlisted Security Index (NSI) rose by 0.64 points to wrap the session at 1,084.13 points compared with 1,083.49 points recorded at the previous session.
Afriland Properties Plc saw a 63 Kobo rise in its share price to trade at N7.30 per unit, in contrast to Monday’s closing price of N6.67 per unit.
There was a rise in the volume of securities traded during the session as investors exchanged 20,873 units, lower than the 14,061 units recorded a day earlier by 48.5 per cent.
However, there was a slump in the value of shares traded yesterday by 67.9 per cent to N9.0 million from the N28.1 million reported in the previous trading day, as the number of deals increased by 33.3 per cent to four deals from the single deal carried out in the previous trading day.
IPWA Plc, with the sale of 79.9 million units for N40.0 million, was the most traded stock by volume on a year-to-date basis, followed by Mixta Real Estate Plc with a turnover of 69.9 million units worth N114.6 million, and Geo-Fluids Plc with the sale of 53.8 million units valued at N133.5 million.
Aradel Holdings Plc, with a turnover of 3.2 million units valued at N6.4 billion, remained the most active equity by value on a year-to-date basis, trailed by FrieslandCampina Wamco Nigeria Plc with 5.0 million units worth N375.2 million, and Central Securities Clearing System (CSCS) Plc with 9.1 million units sold for N191.7 million.
