NASD, Aradel Pull Down Unlisted Stock Market By 0.04%
By Adedapo Adesanya
The duo of NASD Plc and Aradel Holdings Plc weakened the NASD Over-the-Counter (OTC) Securities Exchange by 0.04 per cent on Thursday, September 21.
The two price losers overpowered the sole price gainer, Central Securities Clearing Systems (CSCS) Plc, to drag down the NASD Unlisted Securities Index (NSI) by 0.34 points to 805.95 points from the 806.29 points it ended in the previous day, while the total value of the unlisted stock market was relatively flat at N1.139 trillion.
At the trading day, NASD Plc shed N1.15 to end the session at N11.50 per unit versus the preceding day’s N12.65 per unit, and Aradel Holdings Plc lost 9 Kobo to close at N600.00 per share, in contrast to Wednesday’s closing price of N600.09 per share.
Conversely, the share price of CSCS Plc increased during the session by 2 Kobo to finish at N17.53 per unit compared with the midweek session’s closing price of N17.51 per unit.
At the close of transactions, investors traded a total of 346,120 units of securities versus the 16.6 million units of securities transacted in the preceding session, indicating a slump of 97.9 per cent.
Equally, the value of shares exchanged by the market participants went south by 74.9 per cent to N18.6 million from N74.2 million, as the total number of deals decreased by 54.1 per cent to 17 deals from the 37 deals quoted in the preceding market day.
CSCS Plc ended the trading session as the most traded stock by volume (year-to-date) with 1.1 billion units valued at N22.2 billion, UBN Property Plc was in second place with 944.2 million units worth N939.7 million, and Geo-Fluids Plc stood in third place with 657.2 units worth N1.2 billion.
CSCS Plc also finished as the most traded stock by value (year-to-date) with 1.1 billion units valued at N22.2 billion, VFD Group occupied the second place with 26.6 million units worth N5.9 billion, and Aradel Plc was in third place with 6.2 million units valued at N2.2 billion.