Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange opened the week on a positive note as it rose on Monday by 2.8 per cent, spurred by a gain in the share price of Aradel Holdings Plc.
Aradel Holdings Plc appreciated by N183.03 during the trading session to close at N2,025.00 per share compared with last Friday’s closing price of N1,841.97 per share.
As a result, the bourse gained N39.76 billion, raising the value of Nigeria’s unlisted securities market to N1.468 trillion from N1.428 trillion, and the NASD Unlisted Security Index (NSI) increased by 29.04 points to end the day at 1,072.36 points compared with the previous session’s 1,043.32 points.
During the session, the volume of securities traded by investors yesterday declined by 98.2 per cent to 10,300 units from the 578,297 units achieved in the previous trading day, the value of securities transacted by the market participants went down by 91,9 per cent to N20.4 million from N253.1 million, and the number of deals depreciated by 87.1 per cent to four deals from 31 deals.
Aradel Holdings Plc ended the trading day as the most traded stock by value on a year-to-date basis with a turnover of 3.7 million units valued at N7.3 billion, followed by Central Securities Clearing System (CSCS) Plc with 45.2 million units sold for N1.3 billion, and Capital Hotels Plc with the sale of 228.6 million worth N1.1 billion.
Capital Hotels Plc closed the day as the most traded stock by volume on a year-to-date basis with 228.6 million valued at N1.1 billion, trailed by IPWA Plc with the sale of 79.9 million units for N40.0 million, and Mixta Real Estate Plc with 69.9 million units sold for N114.6 million.
