By Adedapo Adesanya
Four stocks led the NASD Over-the-Counter (OTC) Securities Exchange to a 1.00 per cent appreciation on Thursday, July 4, increasing the portfolios of investors at the platform by N20.92 billion.
Consequently, the market capitalisation of the bourse closed higher to N2.111 trillion from the N2.090 trillion it closed in the previous session, as the NASD Unlisted Security Index (NSI) rose by 15.26 points to wrap the trading session at 1,541.03 points compared with 1,525.77 points.
Purple Real Estate Plc gained 51 Kobo during the trading day to finish at N5.66 per share versus the previous day’s N5.15 per share, NASD Plc improved its value by 75 Kobo to close at N15.00 per unit compared with Wednesday’s closing price of N14.25 per unit, Aradel Holdings Plc expanded by N79.17 to quote at N4,990.00 per share versus 4,190.83 per share, and FrieslandCampina Wamco Nigeria Plc appreciated by 64 Kobo to N50.72 per unit from N50.08 per unit.
The volume of shares traded yesterday rose by 168.2 per cent to 740,288 units from the 275,994 units recorded at midweek, but value of transactions went down by 9.8 per cent to N386.9 million from N429.0 million, and the number of deals decreased by 35 per cent to 26 deals from 40 deals.
When trading activities ended for the session, Aradel Holdings Plc, with a turnover of 6.5 million units valued at N17.8 billion, remained the most active equity by value on a year-to-date basis, followed by Central Securities Clearing System (CSCS) Plc with the sale of 101.6 million units for N2.5 billion, and Capital Hotels Plc with a turnover of 259.6 million units worth N1.3 billion.
Also, Capital Hotels Plc retained its position as the most traded stock by volume on a year-to-date basis with a turnover of 259.6 million units valued at N1.3 billion, trailed by Industrial and General Insurance (IGI) Plc with the sale of 218.8 million units for N46.1 million, and Mixta Real Estate Plc with 139.8 million units worth N240.1 million.
