By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed in the negative territory on Monday after it recorded a 0.56 per cent decline at the close of transactions.
This was majorly caused by the N50 loss suffered by Aradel Holdings Plc, whose share price closed yesterday at N2,650 per unit, in contrast to the previous session’s N2,700 per unit.
As a result, the value of the NASD OTC exchange went down by N8.95 billion on the first trading day of the new week to N1.603 trillion from the N1.611 trillion it ended last Friday, as the NASD Unlisted Security Index (NSI) dropped 6.60 points to end at 1,182.18 points compared with the preceding session’s 1,188.78 points.
Business Post reports that the alternative bourse ended the trading session with two price gainers led by Central Securities Clearing System (CSCS) Plc, which surged by 37 Kobo to trade at N20.00 per share versus the previous closing price of N19.63 per share, and UBN Property Nigeria Plc, which rose by 1 Kobo to N1.74 per unit from N1.73 per unit.
The activity chart showed that the value of trades fell by 81.7 per cent to N70.6 million from N385.6 million, the volume of transactions went down by 94.2 per cent to 484,768 units from 8.4 million units, and the number of deals depreciated by 24.4 per cent to 31 deals from the 41 deals carried out in the previous trading day.
Mixta Real Estate Plc closed the day as the most traded stock by volume (year-to-date) with 69.9 million units valued at N114.5 million, IPWA Plc was in second place with 48.9 million units sold for N24.4 million, and Geo-Fluids Plc stood in third place with 45.4 million units worth N111.9 million.
Aradel Holdings Plc ended the session as the most traded stock by value (year-to-date) with 1.7 million units worth N3.6 billion, FrieslandCampina Wamco Nigeria Plc followed with 3.6 million units valued at N276.9 million, and Mixta Real Estate Plc was in third place with 69.9 million units sold for N114.5 million.
Dipo Olowookere