NASD Unlisted Security Index Plunges by 2.48%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange ended in the red zone on Friday, April 5 as Capital Hotel Plc became the newest member of the bourse.

Despite adding about N15.46 billion to the alternative stock exchange because of its admission to the trading platform, the value of the market went down by 1.49 per cent or N22.40 billion during the session to N1.486 trillion from N1.508 trillion it closed on Thursday.

As for the NASD Unlisted Security Index (NSI), it plunged by 2.48 per cent or 27.65 points to wrap the session at 1,085.16 points compared with 1,112.81 points recorded at the previous session.

Data showed that Aradel Holdings Plc depleted by N200.00 yesterday to close at N2,000.00 per unit versus N2,200.00 per unit, Acorn Petroleum Plc declined by 5 Kobo to end at N1.15 per share versus the preceding day’s N1.20 per share, and UBN Property Plc lost 3 Kobo to sell at N1.80 per unit versus N1.83 per unit, while FrieslandCampina Wamco Nigeria Plc appreciated by N3.00 to trade at N70.00 per unit compared with the preceding session’s N67.00 per unit.

There was a 14.4 per cent rise in the value of securities traded at the closing session of the week to N20.9 million from N18.3 million, the volume of shares depreciated by 169.7 per cent to 49,470 units from 665,283 units, and the number of deals declined by 40 per cent to nine deals from 15 deals.

Aradel Holdings Plc remained the most traded stock by value (year-to-date) with 3.4 million units sold for N6.9 billion, Central Securities Clearing System (CSCS) Plc occupied the second position with 43.2 million units valued at N1.2 billion, and FrieslandCampina Wamco Nigeria Plc stayed in third with 5.1 million units worth N382.0 million.

IPWA Plc ended the trading session as the most active stock by volume (year-to-date) with 79.9 million units sold for N40.0 million, as the second spot was claimed by Mixta Real Estate Plc with 69.9 million units worth N114.6 million, and the third was taken by Geo-Fluids Plc with 58.8 million units valued at N146.3 million.