By Adedapo Adesanya
The first trading session in May 2024 at the NASD Over-the-Counter (OTC) Securities Exchange ended on a negative note market on Thursday with a 0.14 per cent loss.
This was triggered by the N4.89 decline in the share price of FrieslandCampina Wamco Nigeria Plc, closing at N56.34 per unit, in contrast to Tuesday’s closing price of N61.23 per unit.
It wiped off the N1.50 appreciation recorded by Central Securities Clearing System (CSCS) Plc, which finished the trading session at N21.50 per share compared with the previous day’s N20.00 per share.
As a result, the market capitalisation of the NASD OTC bourse went down by N2.05 billion to settle at N1.499 trillion compared with the preceding day’s N1.502 trillion and the NASD Unlisted Security Index (NSI) depreciated by 1.50 points to wrap the session at 1,095.30 points compared with 1,096.80 points recorded in the previous session.
During the session, the volume of securities traded by the market participants waned by 75.4 per cent to 35,541 units from the 36.1 million units traded in the preceding session.
Also, the value of shares traded yesterday by investors decreased by 97.1 per cent to N1.0 million from N36.1 billion, and the number of deal went down by 40 per cent to six deals from 10 deals.
At the close of business, Aradel Holdings Plc was the most active stock by value on a year-to-date basis with the sale of 4.0 million units valued at N8.0 billion, as CSCS Plc remained in the second spot after transacting 45.3 million units worth N1.3 billion, and Capital Hotels Plc held tight to the third position with 228.6 million units sold for N1.1 billion.
Similarly, Capital Hotels Plc retained its title as the most traded stock by volume on a year-to-date basis with a turnover of 228.6 million worth N1.1 billion, followed by IPWA Plc with the sale of 79.9 million units for N40.0 million, and Mixta Real Estate Plc with 69.9 million units sold for N114.6 million.
