By Adedapo Adesanya
The 14 kobo decline recorded by the share price of Afriland Properties Plc welcomed the bears to the NASD Over-the-Counter (OTC) Securities Exchange for a third successive trading session this week.
Stocks of the property investment company, which closed at N1.98 per unit at the previous session, depreciated by 7.61 per cent to settle at N1.84 each.
This contributed to the 0.04 per cent loss published by the unlisted equities market and led to the 0.26 points depreciation suffered by the NASD Unlisted Security Index (NSI), which closed at 709.17 points against 709.43 points it recorded at the previous session.
In the same vein, it influenced the depletion of the market capitalisation by N190 million to N520.93 billion from N521.12 billion quoted at the midweek session.
During the day’s session, the total volume of securities traded fell by 82.4 per cent as 134,382 securities were traded compared with 761,395 units on Wednesday.
Equally, the total value of transactions fell for the third straight day to N21.9 million from N61.04 million, indicating a drop of 64.2 per cent.
However, the number of deals executed rose by 125 per cent as 18 deals were carried out compared to eight deals on record at the preceding session.
These deals were shared by five companies namely; FrieslandCampina WAMCO Nigeria Plc (six deals), Niger Delta Exploration and Production (NDEP) Plc (five deals), Air Liquide Plc and Afriland Plc (three deals) and Central Securities Clearing System (CSCS) Plc (one deal).
ARM Life Plc closed the session as the most traded equity by volume (year-to-date) with 7.4 billion units worth N4.6 billion. It was closely followed by CSCS Plc, which traded 200.5 million units worth N2.7 billion, while Food Concept Plc held the third position with 125.1 million units valued at N88.1 million.
When the activity chart is viewed from the most active stock by value (year-to-date), ARM Life still maintained the top position with 7.4 billion units of its shares traded for N4.6 billion.
On the second spot was NDEP Plc which has transacted 8.8 million units for N2.7 billion, while CSCS Plc has traded 200.5 million units of its securities valued at N2.7 billion.
