Adedapo Adesanya
By Adedapo Adesanya
Aradel Holdings Plc led the NASD Over-the-Counter (OTC) Securities Exchange into the negative zone by 0.45 per cent on Thursday, January 11 after its share price depreciated by N26.79 to sell at N1,230.10 per share compared with the previous day’s N1,256.89 per share.
As a result, the market capitalisation shed N5.82 billion to close at N1.288 trillion compared with the preceding session’s N1.294 trillion and the NASD Unlisted Security Index (NSI) went down by 4.29 points to end the day at 950.38 points as against 954.67 points it recorded at the previous session.
In terms of the volume of securities traded at the bourse, there was a 98.6 per cent decline as investors exchanged 12,718 units of shares yesterday compared with the 922,447 units of shares transacted a day earlier.
In the same vein, the number of deals carried out during the trading day went down by 91.5 per cent to four deals from the 47 deals executed in the previous trading session.
However, the value of shares traded yesterday increased by 60.8 per cent to N13.3 million from the N8.3 million recorded in the midweek trading session.
At the close of business, UBN Property Plc remained the most traded stock by volume on a year-to-date basis with the sale of 24.3 million units valued at N42.5 million, Geo-Fluids was in second place with a turnover of 20.0 million units worth N48.0 million, and Purple Real Estate Plc stood in third place with 5.5 million units sold for N28.8 million.
The most traded stock by value on a year-to-date was Aradel Plc with the sale of 267,902 units valued at N319.9 million, Geo-Fluids Plc was in second place with the sale of 20.0 million units worth N48.0 million, and UBN Property Plc was in third place with a turnover of 24.3 million units valued at N42.5 million.
