NASD Index Declines by 0.02%

By Adedapo Adesanya

There was a 0.02 per cent loss at the NASD Over-the-Counter (OTC) Securities Exchange on Friday, June 21 after the share price of Afriland Properties Plc went down by N1.30 to sell at N17.00 per unit compared with the previous day’s value of N18.30 per unit.

This brought down the NASD Unlisted Security Index (NSI) by 0.26 points to 1,533.53 points from the 1,533.79 points recorded at the previous session.

In the same vein, the market capitalisation of the alternative stock exchange decreased by N360 million to remain almost flat at N2.101 trillion.

In terms of the volume of securities traded at the bourse, there was a slump as investors exchanged 877,812 units, which is 36.1 per cent lower when compared to 1.4 million units of securities transacted by market participants at the last session.

Business Post reports that during the session, the price of FrieslandCampina Wamco Nigeria Plc increased by 73 Kobo to end the day at N44.48 per share compared with the preceding day’s price of N43.75 per share.

The day’s trading data showed that the value of transactions recorded shrank by 77.4 per cent to N46.8 million from N207.2 million, the volume of shares bought and sold by the market participants dropped by 36.1 per cent to 877,812 units from the 1.4 million units traded a day earlier.

These transactions were carried out in 26 deals, 49 per cent lower than the 51 deals executed in the previous trading session, according to data from the bourse.

Aradel Holdings Plc finished the day as the most active stock by value on a year-to-date basis with a turnover of 6.1 million units valued at N15.7 billion, with Central Security Clearing System (CSCS) Plc occupying the second spot with 101.4 million units sold for N2.5 billion, and Capital Hotels Plc taking the third spot with 228.6 million units worth N1.1 billion.

Capital Hotels Plc ended the session as the most traded stock by volume on a year-to-date basis with 228.6 million units sold for N1.1 billion, followed by Industrial and General Insurance (IGI) Plc with 218.8 million units worth N46.1 million, and Mixta Real Estate Plc with 139.8 million units valued at N240.1 million.