Afriland Properties Lifts Unlisted Securities by 0.06%

By Adedapo Adesanya

Afriland Properties Plc lifted the NASD Over-the-Counter (OTC) Securities Exchange by 0.06 per cent at the final trading session of the second quarter of 2024 on Friday, June 28.

This increased the value of the unlisted securities market by N1.24 billion at the close of transactions to N2.101 trillion from N2.099 trillion just as the NASD Unlisted Security Index (NSI) went up by 0.9 points to wrap the session at 1,533.00 points compared with 1,532.10 points recorded at the previous session.

Afriland Properties Plc was the sole price mover and it gained 90 Kobo to end the session at N18.30 per unit, in contrast to the N17.20 per unit it closed in the preceding trading session.

At the trading session, investors exchanged 25,278 units of shares compared with 33.1 million units of shares transacted a day earlier, indicating a decline of 99.9 per cent.

In the same vein, the securities worth N5.5 million exchanged hands compared with the 277.0 million recorded on Thursday, representing a deadline of 98.0 per cent, and the number of deals decreased by 65.1 per cent to 15 deals from the 43 deals carried out in the previous session.

Aradel Holdings Plc finished the day as the most active equity by value on a year-to-date basis with a turnover of 6.3 million units worth N16.9 billion, followed by Central Securities Clearing System (CSCS) Plc with the sale of 101.5 million units for N2.5 billion, and Capital Hotels Plc with 259.6 million units worth N1.3 billion.

Capital Hotels Plc remained the most traded stock by volume on a year-to-date basis with the sale of 259.6 million units worth N1.3 billion, followed by Industrial and General Insurance (IGI) Plc with a turnover of 218.8 million units for N46.1 million, and Mixta Real Estate Plc with 139.8 million units sold for N240.1 million.