NASD Exchange Rallies by 1.39% as CSCS, Two Others Gain

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange extended its progress in the green territory by 1.39 per cent on Tuesday, July 16.

This pushed the market capitalisation of the exchange forward by N28.54 billion to N2.085 trillion from the N2.057 trillion it closed on Monday as the NASD Unlisted Security Index (NSI) increased by 20.83 points to 1,522.12 points from the 1,501.29 points it ended a day earlier.

The growth posted yesterday was influenced by three price gainers, which outweighed the two price losers recorded at the close of trading activities.

Aradel Holdings Plc improved its value during the session by N136.36 to N4,947.78 per unit from N4,811.42 per unit, Central Securities Clearing System (CSCS) Plc appreciated by 50 Kobo to N20.50 per share from N20.00 per share, and FrieslandCampina Wamco Nigeria Plc went up by N1.10 to N48.05 per unit from N46.95 per unit.

On the flip side, Food Concepts Plc declined by 21 Kobo to close the day at N1.94 per share versus the preceding day’s N2.15 per share, and Geo-Fluids Plc lost 4 Kobo to sell at N2.00 per unit versus N2.04 per unit.

At the trading session, investors bought and sold 3.7 million units, 583 per cent higher than the 540,605 units recorded a day earlier, and the value of transactions rose by 259.8 per cent to N295.3 million from N82.1 million, while the number of deals increased by 36.8 per cent to 26 deals from 19 deals.

Capital Hotels Plc remained the most traded stock by volume on a year-to-date basis with 259.6 million worth N1.3 billion, followed by Afriland Properties Plc with 230.4 million units valued at N4.1 billion, and Industrial and General Insurance (IGI) Plc with 218.8 million units worth N46.1 million.

Aradel Holdings Plc ended the session as the most active equity by value on a year-to-date basis with 6.9 million units valued at N19.9 billion, trailed by Afriland Properties Plc with 230.4 million units worth N4.1 billion, and  CSCS Plc with 101.9 million units sold for N2.5 billion.