By Adedapo Adesanya
There was a 1.12 per cent loss at the NASD Over-the-Counter (OTC) Securities Exchange on Friday, July 19, caused by three stocks admitted on the trading platform.
First Trust Microfinance Bank Plc depreciated by 4 Kobo to end at 36 Kobo per unit compared to the previous session’s 40 Kobo per unit, Central Securities Clearing System (CSCS) Plc declined by 50 Kobo to wrap the final session of the week at N20.00 per share versus the previous day’s N20.50 per share, and Aradel Holdings Plc depleted by N105.11 to quote at N4,726.11 per unit, in contrast to Thursday’s closing price of N4,831.22 per unit.
The losses posted by the trio could not be encumbered by Purple Real Estate Plc, which gained 62 Kobo to end at N6.70 per share compared with the previous day’s N6.17 per share.
Consequently, the market capitalisation of the bourse moderated by N11.81 billion to close at N2.032 trillion versus the N2.055 trillion recorded a day earlier, and the NASD Unlisted Security Index (NSI) went down by 8.61 points to end the day at 1,483.28 points as against 1,500.03 points it recorded at the previous session.
During the session, the volume of securities traded at the bourse slumped by 47.7 per cent to 250,882 units from the 479,556 units transacted at the last session.
However, the amount spent on stocks at the session rose by 31.5 per cent to N497.1 million from the N377.9 million recorded in the preceding session, and the number of deals carried out went up by 7.1 per cent to 30 deals from the 28 deals printed in the previous day.
Capital Hotels Plc remained the most active stock by volume on a year-to-date basis with 259.6 million worth N1.3 billion, trailed by Afriland Properties Plc with 230.3 million units worth N4.1 billion, and Industrial and General Insurance (IGI) Plc with the sale of 218.8 million units for N46.1 million.
Aradel Holdings Plc closed the day as the most active stock by value on a year-to-date basis with 6.9 million units valued at N19.5 billion, followed by Afriland Properties Plc with 230.4 million units worth N4.1 billion, and CSCS Plc with 101.9 million units valued at N2.5 billion.
