Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange appreciated by 3.9 per cent on Friday, January 19, with the unlisted security index (NSI) crossing the 1,000-point barrier.
Business Post reports that the index rose by 31.0 points at the close of transactions to 1,002.06 points from the 971.06 points it recorded in the previous session.
As the market capitalisation of the bourse, it increased by N42.03 billion yesterday to close at N1.358 trillion, in contrast to the preceding day’s N1.316 trillion.
There were five gainers at the final session led by Aradel Holdings Plc, which continued to record its stellar run as it notched a N137.02 appreciation to sell at N1,507.22 per unit compared to N1,370.20 per unit of the previous session following an equity interest in Shell’s Nigerian assets sale.
11 Plc gained N13 to sell at N210.00 per share versus the previous day’s N197.00 per share, FrieslandCampina Wamco Nigeria Plc rose by N3.90 to N79.95 per share from N76.05 per share, Air Liquide increased by 55 Kobo to N6.05 per unit from N5.50 per unit, and Acorn Petroleum appreciated by 7 Kobo to 77 Kobo per unit from 70 Kobo per unit.
On the flip side, UBN Property Plc depreciated by 5 Kobo to end the trading session at N1.80 per share versus Thursday’s closing price of N1.85 per share.
Yesterday, the volume of securities traded at the bourse went down by 14.8 per cent to 462,448 units from 542,920 units, and the number of deals decreased by 52.6 per cent to nine deals from 19 deals, while the value of shares surged by 25.0 per cent to N18.4 million from N14.7 million.
At the close of business, IPWA Plc was the most traded stock by volume (year-to-date) with 48.9 million units sold for N24.4 million, UBN Property trailed with 28.3 million units valued at N49.5 million, and Geo-Fluids Plc stood in third place with 20.0 million units worth N48.0 million.
Aradel Plc ended the session as the most traded stock by value (year-to-date) with 302,872 units valued at N369.1 million, followed by FrieslandCampina Wamco Nigeria Plc with 1.3 million units worth N95.8 million, and UBN Property Plc with 28.3 million units sold for N49.5 million.
