NASD Index Declines by 0.01%

May 21, 2024
NASD OTC exchange

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange opened the week with a red outcome as it saw a marginal drop of 0.01 per cent after four stocks declined and two stocks appreciated at the close of transactions.

Nipco Plc weakened during the session by N7.20 to end at N72.00 per unit versus N79.20 per unit, Geo-Fluids Plc lost 15 Kobo to trade at N1.90 per share compared with the preceding session’s N2.05 per share, FrieslandCampina Wamco Nigeria Plc went down by N1.08 to close at N48.92 per unit compared with the previous closing value of N50.00 per unit, and Aradel Holdings Plc fell by N3.71 to close at N3,282.27 per share, in contrast to the previous closing value of N3,285 per share.

However, Afriland Properties Plc jumped by N1.40 to trade at N15.40 per unit, in contrast to last Friday’s closing price of N14.00 per unit, and Central Securities Clearing System (CSCS) Plc grew by 53 Kobo to N19.98 per share from N19.45 per share.

At the close of business, the market capitalisation remained relatively flat at N1.720 trillion, and the NASD Unlisted Security Index (NSI) slightly went down by 0.16 points to 1,225.86 points from 1,256.12 points.

Yesterday, the volume of securities traded at the bourse shrank by 83.4 per cent to 11.7 million units from 70.6 million units, while the value of securities increased by 90.3 per cent to N622.3 million from N327.0 million, and the number of deals jumped by 96.3 per cent to 106 deals from 54 deals.

Aradel Holdings Plc was the most traded equity by value (year-to-date) with 5.2  million units worth N11.5 billion, followed by CSCS Plc with 100.6 million units valued at N2.4 billion, and Capital Hotels Plc with 228.6 million units sold for N1.1 billion.

Capital Hotels Plc ended the day as the most traded equity by volume (year-to-date) with 228.6 million units valued at N1.1 billion, trailed by Mixta Real Estate Plc with 139.8 million units worth N240.1 million, and CSCS Plc with 100.6 million units sold for N2.4 million.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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