By Adedapo Adesanya
There was a 2.15 per cent gain at the NASD Over-the-Counter (OTC) Securities Exchange on Tuesday, September 10 after three stocks returned the market to the green zone.
Industrial and General Insurance (IGI) Plc appreciated by 1 Kobo during the session to end at 20 Kobo per share compared to the previous session’s 19 Kobo per share.
Further, Aradel Holdings Plc gained N280.00 to settle at N8,500.00 per unit compared to N8,220.00 per unit of the previous session and FrieslandCampina Wamco Nigeria Plc rose by 45 Kobo to wrap the session at N46.45 per share versus Monday’s closing price of N46.00 per share.
Conversely, Nipco Plc depreciated during the trading session by N8.50 to end at N76.50 per unit, in contrast to the previous session’s N85.00 per unit.
At the close of transactions, the market capitalisation of the platform rose by N60.26 billion to finish at N2.865 trillion compared with the previous day’s N2.805 trillion and the NASD Unlisted Security Index (NSI) added 43.97 points to end the day at 2,091.15 points as against 2,047.18 points it recorded at the previous session.
In terms of the volume of securities traded at the bourse, there was a jump as investors exchanged 3.1 million units, which is 842.7 per cent higher than the 327,796 units transacted by market participants at the last session.
However, the value of the trades went down by 13.7 per cent to N310.2 million from the N359.4 million quoted a day earlier, as the number of deals went down by 13.3 per cent to 52 deals from 60 deals.
Aradel Holdings Plc ended as the most active stock by value (year-to-date) with 10.9 million units valued at N41.1 billion, trailed by Afriland Properties Plc with 293.1 million units sold for N5.2 billion, and Central Securities Clearing System (CSCS) Plc with 106.7 million units worth N2.6 billion.
Afriland Properties Plc closed the trading session as the most active stock by volume (year-to-date) with 293.0 million units sold for N5.2 billion, followed by Capital Hotels Plc with 259.6 million valued at N1.3 billion, and IGI Plc with 218.9 million units worth N46.1 million.
