By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange slid by 0.05 per cent on Tuesday, January 16, triggered by a loss recorded by a proprietary company, UBN Property Plc.
UBN Property, as the sole price mover, lost 12 Kobo during the session to close at N1.73 per share versus the N1.85 per share it ended in the previous trading day.
As a result, the market capitalisation of the bourse went down by N670 million to remain relatively flat at N1.1289, while the NASD Unlisted Security Index (NSI) ended the day at 951.58 points, after it shed 0.5 points from the 952.08 it finished on Monday.
There was a surge in the volume of securities traded at the bourse by investors by 18,884.1 per cent to 28.0 million units from the 147,737 units of the last session.
Equally, there was a jump in the value of shares traded yesterday by 118.5 per cent to N20.1 million from N9.2 million, and the number of deals executed during the trading day increased by 15.4 per cent to 15 deals from the 13 deals recorded in the previous day.
UBN Property Plc remained the most traded stock by volume on a year-to-date basis with 27.9 million units valued at N48.9 million, IPWA Plc was in second place with 24.4 million units valued at N12.2 million and Geo-Fluids Plc stood in third place with 20 million units amounting to N48 million.
Aradel Plc ended the day as the most traded stock by value on a year-to-date basis with 277,902 units worth N333.6 million, UBN Property Plc was in second place with 27.9 million units worth N48.9 million, and Geo-Fluids Plc has transacted 20.0 million units valued at N48 million.
