By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange scaled the N3 trillion mark, knotting a third straight day of bullish outcomes as it recorded a 6.95 per cent appreciation on Wednesday, September 4.
The market capitalisation added N205.47 billion to close at N3.161 trillion compared with the previous day’s N2.056 trillion and the NASD Unlisted Security Index (NSI) went up by 149.95 points to wrap the closing session at 2,307.10 points compared with 2,157.15 points recorded in the previous session.
Three price gainers helped the stocks at the alternative bourse to continue their positive run, with Aradel Holdings Plc increasing by N897.03 to end the session at N9,867.38 per unit compared with the preceding day’s N8,970.35 per unit.
Nipco Plc gained N7.20 during the session to finish at N79.20 per share compared with the previous session’s N72.00 per share, and Central Securities Clearing System (CSCS) Plc appreciated by N2.02 to close at N22.28 per unit, in contrast to Tuesday’s closing price of N20.26 per unit.
Conversely, Geo-Fluids Plc lost 20 Kobo at the midweek session to trade at N2.20 per share, in contrast to the N2.40 per share it was transacted a day earlier.
During the trading session, there was a slump in the volume of shares traded by investors by 85.6 per cent to 764,887 units from the 5.33 million units made previously.
However, the value of securities traded at the session jumped by 141.5 per cent to N1.5 billion from the N612.9 million traded in the preceding session.
These transactions were carried out in 129 deals by the market participants, in contrast to the 39 deals executed in the previous day, representing an increase by 230.8 per cent.
Aradel Holdings Plc, with a turnover of 10.8 million units valued at N39.7 billion, remained the most active equity by value on a year-to-date basis. This was followed by Afriland Properties Plc with 293.0 million units sold for N5.2 billion, and CSCS Plc with 106.5 million units worth N2.6 billion.
Afriland Properties Plc with 293.0 million units sold for N5.2 billion remained the most traded stock by volume on a year-to-date basis, Capital Hotels Plc came next with 259.6 million units valued at N1.3 billion, and Industrial and General Insurance (IGI) Plc with 218.9 million units sold for N46.1 million.
