By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange continued its impressive run in the fifth trading week of the year, posting a week-on-week gain of 6.3 per cent.
The NASD Unlisted Security Index (NSI) rose in the week by 64.66 points to close at 1,088.74 points compared with the 1,024.08 points it ended in Week 4, as the market capitalisation expanded by N88 billion to N1.476 trillion from the preceding week’s N1.388 trillion.
The market breadth index for the week was positive after the alternative stock exchange ended with six price gainers and one price loser.
Aradel Holdings Plc maintained its upward trend after it chalked up 21.1 per cent to close at N2,007 per share compared with the previous week’s N1,657.94 per share, Food Concepts Plc appreciated by 20.7 per cent to trade at N2.22 per unit versus the preceding week’s N1.84 per unit, Acorn Petroleum jumped by 17.7 per cent to N1.00 per unit from 85 Kobo per unit, Nipco Plc grew by 10 per cent to end the week at N79.20 per share compared with the previous week’s N72.00 per share, Afriland Properties Plc gained 4.5 per cent to quote at N3.97 per share versus N3.80 per share, and FrieslandCampina Wamco Nigeria Plc soared by 0.1 per cent to N78.50 per unit from N78.42 per unit, while Industrial and General Insurance (IGI) Plc depreciated by 7.7 per cent to 24 Kobo per share from 26 Kobo per share.
In the week, the value of transactions increased by 119.4 per cent to N346.5 million from N156.6 million, the volume of trades moderated by 28.7 per cent to 6.96 million units from 9.77 million units, and the number of deals went down by 39.2 per cent to 79 deals from 130 deals.
UBN Property Plc was the most traded stock by volume with 52.4 million units, followed by CSCS Plc with 710,300 units, Acorn Petroleum Plc posted 500,o00 units, FrieslandCampina Wamco recorded 191,781 units, and Aradel Holdings Plc reported 152,622 units.
However, Aradel Holdings Plc was the most traded stock by value with N303.7 million, FrieslandCampina Wamco Plc recorded N15.1 million, CSCS Plc reported N13.6 million, UBN Property Plc traded N9.0 million, and Nipco Plc posted N1.1 million.
