Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded another 0.06 per cent appreciation on Wednesday, March 27 on the back of the buying pressure on Afriland Properties Plc.
The real estate firm saw its share price grow by 70 Kobo during the trading session to N8.00 per unit from the preceding day’s N7.30 per unit.
As a result of this, the market capitalisation of the OTC stock exchange went up by N860 million to close the midweek session at N1.471 trillion from the N1.470 trillion it closed on Tuesday, and the NASD Unlisted Security Index (NSI) went up by 0.64 points to wrap the session at 1,084.77 points compared with 1,084.13 points recorded at the previous session.
The volume of securities traded at the session witnessed a 208.2 per cent surge yesterday after investors exchanged 64,337 units of shares versus the 20,873 units of shares bought and sold a day earlier.
Equally, the value of shares traded on Wednesday increased by 635.7 per cent to N66.4 million from the N9.0 million recorded in the previous trading session.
These transactions were carried out in 24 deals compared with the four deals executed on Tuesday, representing a 500 per cent rise.
At the close of business, IPWA Plc finished as the most active stock by volume on a year-to-date basis with the sale of 79.9 million units valued at N40.0 million, Mixta Real Estate Plc remained in the second position after trading 69.9 million units for N114.6 million, and Geo-Fluids Plc maintained its third spot after it exchanged 53.8 million units valued at N133.5 million.
Also, Aradel Holdings Plc closed the trading day as the most active stock by value on a year-to-date basis with a turnover of 3.2 million units worth N6.5 billion, the second spot was retained by FrieslandCampina Wamco Nigeria, which has sold 5.0 million units for N375.2 million, and the third position was occupied by Central Securities Clearing System (CSCS) Plc, which has traded 9.1 million units worth N191.7 million.
