Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange extended its weekly appreciation for the eighth straight week, growing by 3.26 per cent on a week-on-week basis spurred by five gainers.
The NASD Unlisted Security Index (ASI) rose by 37.52 points in Week 8 to 1,188.78 points from the 1,151.26 points it closed in Week 7, just as the market capitalisation increased by N26 billion to N1,611 trillion from N1.561 trillion.
Leading the five gainers was Aradel Holdings Plc, which further expanded by 10.2 per cent to N2,700 per share from N2,541.95 per share, followed by Acorn Petroleum Plc with an 8.2 per cent appreciation to end the week at N1.19 per share versus N1.11 per share.
In addition, Central Securities Clearing System (CSCS) Plc rose by 6.1 per cent to N19.63 per unit from N18.50 per unit, Resourcery Plc jumped by 2.5 per cent to 41 Kobo per unit from 40 Kobo per unit, and Food Concepts Plc increased by 0.9 per cent to end at N2.24 per share compared with the previous week’s N2.22 per share.
On the losers’ chart, FrieslandCampina Wamco Nigeria Plc decreased by 6.3 per cent to N70.27 per share from N75 per share, Industrial and General Insurance (IGI) Plc fell by 4.6 per cent to end the week at 21 Kobo per unit versus 22 Kobo per unit, and NASD Plc depreciated by 3.7 per cent to sell at N13 per unit compared with the previous week’s N13.50 per unit.
In the week, by volume of trade, investors transacted 15.4 million units of securities, 28.9 per cent higher than the 11.9 million units of securities traded a week earlier. The value of transactions surged by 374.1 per cent to N1.77 billion from N373.1 million, and the number of deals went up by 101.3 per cent to 151 deals from 75 deals.
Aradel Holdings Plc was yet again the busiest stock by value last week as it raked in N1.7 billion, FrieslandCampina Wamco Nigeria Plc recorded N37.9 million, CSCS Plc posted N16.7 million, Geo-Fluids Plc traded N12.5 million, and Purple Real Estate Income Plc transacted N9.4 million.
