Alternative Stock Market Records 0.01% Appreciation
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.01 per cent rise on Monday, April 17, following a positive price movement in the shares of Afriland Properties Plc.
The stock price of Afriland Properties Plc went up by 4 Kobo during the session to settle at N2.20 per unit, in contrast to the previous session’s N2.16 per unit.
This moved the value of the alternative stock market higher at the close of trades by N60 million to N1.023 trillion from the almost N1.023 trillion it closed in the preceding session.
Equally, the NASD Unlisted Securities Index (NSI) added 0.04 points to wrap the session at 724.81 points compared with 724.99 points recorded in the previous session.
The unlisted securities bourse reported improvements in the trading volume and the number of deals executed by investors, but the trading value went down at the close of business.
According to data from the trading platform, the volume of transacted stocks jumped by 6,503.7 per cent to 11.5 million units from the 174,170 units traded in the preceding session, while the value of shares traded went down by 87.4 per cent to N2.1 million from N16.3 million, with the number of deals increasing by 33.3 per cent to eight deals from the six deals carried out last Friday.
Business Post reports that Geo-Fluids remained the most traded stock by volume on a year-to-date basis with 811.3 million units worth N1.3 billion, Industrial and General Insurance (IGI) Plc was in second place with 615.6 million units valued at N48.6 billion, while UBN Property Plc stood in third place with 369.8 million units valued at N313.0 million.
On the flip side, VFD Group Plc maintained its apex position as the most active stock by value on a year-to-date basis with 10.4 million units worth N2.4 billion, Geo-Fluids Plc was in second place for trading 811.3 million units for N1.3 billion, and UBN Property Plc came next with 369.8 million units valued at N313.0 million.