By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed the final day of the week with a 3.4 per cent loss as a result of profit-taking in two bellwether stocks.
On Friday, September 13, the market capitalisation of the bourse depleted by N102.44 billion to close at N2.941 trillion compared with the previous day’s N3.043 trillion and the NASD Unlisted Security Index (NSI) recorded a slide of 74.75 points to end the day at 2,146.56 points as against 2,221.31 points it recorded at the previous session.
Aradel Holdings declined by N449.00 during the session to finish at N8,901.00 per share compared to the previous day’s N9,350.00 per share and Central Securities Clearing System (CSCS) Plc dropped N1.67 to end at N20.00 per unit versus Thursday’s closing price of N21.67 per unit.
On the flip side, Afriland Properties Plc gained N1.36 to close at N16.06 per share versus N14.70 per share, Acorn Petroleum Plc appreciated by 7 Kobo to close at N1.09 per unit compared with the preceding day’s N1.02 per unit, FrieslandCampina Wamco Nigeria Plc grew by 74 Kobo to N47.72 per share from N46.50 per share, and Nipco Plc recorded a 1 Kobo growth to sell at N76.51 per unit, in contrast to the preceding day’s N76.50 per unit.
The volume of securities traded at the bourse on Friday slumped by 79.8 per cent to 214,261 units from 1.06 million units, but the value of securities transacted by the market participants at the last session went up by 146.6 per cent to N244.9 million from the previous session’s N99.7 million, and the number of deals increased by 13 per cent to 52 deals from 46 deals.
Aradel Holdings Plc closed the day as the most active stock by value (year-to-date) with 11.0 million units worth N42.4 billion, followed by Afriland Properties Plc with 293.3 million units sold for N5.2 billion, and CSCS Plc with 107.3 million units valued at N2.6 billion.
Afriland Properties Plc ended the session as the most traded stock by volume (year-to-date) with 293.3 million units sold for N5.2 billion, followed by Capital Hotels Plc with 259.6 million valued at N1.3 billion, and Industrial and General Insurance (IGI) Plc with 221.9 million units worth N46.7 million.
