NASD Unlisted Security Index Depreciates by 0.77%

February 22, 2024
NASD Unlisted Security Index

By Adedapo Adesanya

A 0.77 per cent loss was suffered by the NASD Over-the-Counter (OTC) Securities Exchange on Wednesday, February 21 following profit-taking in three stocks.

Aradel Holdings Plc went down by N49.50 during the session to close at N2,476.50 per share versus the previous day’s N2,526.00 per share, Central Securities Clearing System (CSCS) Plc depreciated by 37 Kobo to end the day at N19.63 per unit compared with Tueday’s closing price of N20.00 per unit, and FrieslandCampina Wamco Nigeria Plc deflated by 7 Kobo to settle at N74.43 per share, in contrast to the N74.50 per share it traded a day earlier.

On the flip side, Resourcery Plc added 1 Kobo to its price to quote at 41 Kobo per unit compared with the 40 Kobo per unit it was sold a day earlier, and Food Concepts Plc jumped by 2 Kobo to end at N2.24 per share compared with the preceding session’s N2.22 per share.

When the market finished for the day, the NASD Unlisted Security Index (NSI) was down by 8.98 points to 1,158.97 points from 1,167.95 points, and the market capitalisation of the exchange fell by N12.18 billion to N1.571 trillion from N1.583 trillion.

A total of 3.6 million units of securities were bought and sold at midweek, in contrast to the 2.6 million units of securities transacted on Tuesday, indicating a jump of 37.2 per cent.

However, the value of shares exchanged by the market participants went down by 89.3 per cent to N71.2 million from the N666.4 million recorded in the previous session.

The total number of deals closed downward as 30 transactions were executed, 25 per cent lower than the 40 deals quoted at the preceding market day.

Mixta Real Estate Plc remained the most traded stock by volume (year-to-date) with 69.9 million units valued at N114.5 million, IPWA Plc was in second place with 48.9 million units worth N24.4 million, and Geo-Fluids Plc was in third place with 45.4 million units sold for N111.9 million.

Aradel Holdings Plc maintained its position as the most traded stock by value (year-to-date) with 1.3 million units sold for N2.6 billion, FrieslandCampina Wamco Nigeria Plc trailed with 3.4 million units valued at N258.5 million, and Mixta Real Estate Plc was in third place with 69.9 million units worth N114.5 million.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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