By Adedapo Adesanya
The trio of Aradel Holdings Plc, FrieslandCampina Wamco Nigeria Plc, and NASD Plc lifted the NASD Over-the-Counter (OTC) Securities Exchange by 0.66 per cent on Wednesday, January 3.
It was the first time the unlisted securities market was closing higher in 2024, as it opened the year with a loss due to profit-taking activities by investors.
In the midweek session, the NASD Unlisted Security Index (NSI) increased by 6.13 points to settle at 931.88 basis points compared with Tuesday’s 925.75 basis points.
Also, the market capitalisation, which measures the total value of stocks on the platform, went up by N8.31 billion yesterday to N1.263 trillion from the previous session’s N1.254 trillion.
Aradel Plc saw its share price rise by N26.00 during the trading day to N1,115.00 per unit from N1,089.00 per unit, FrieslandCampina Wamco Plc rose by N2.00 to end the day at N82.00 per share versus N80.00 per share, NASD Plc recorded a 52 Kobo appreciation to close at N13.50 per unit versus N12.98 per unit, while Nipco Plc depreciated by N8 to settle at N72.00 per share, in contrast to the preceding day’s closing price of N80.00 per share.
At the close of transactions in the midweek, investors traded a total of 143,980 units of securities, in contrast to the 5.7 million units of securities transacted at the preceding session, indicating a slump of 97.5 per cent.
In the same vein, the value of shares exchanged by the market participants went down by 11.3 per cent to N30.6 million from the N34.5 million recorded in the previous session.
Similarly, the total number of deals decreased yesterday by 11.1 per cent after the OTC bourse recorded eight deals compared with the nine deals quoted in the preceding market day.
Purple Real Estate Plc remained the most traded stock by volume (year-to-date) with 5.5 million units worth N28.8 million. Central Securities Clearing System (CSCS) was in second place with 200,000 units valued at N3.6 million and Food Concepts Plc stood in third place with 70,000 units worth N128.000.
Purple Real Estate Plc was also the most traded stock by value (year-to-date) with 5.5 million units sold for N28.8 million, Aradel Plc followed with 25,000 units sold for N28.0 billion, and CSCS Plc was in third place with 200,000 units valued at N3.6 million.
