OTC Exchange Rises 1.17% Amid High Trading Volume

May 18, 2024
Nigerian OTC securities exchange

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.2 per cent appreciation on Friday, May 17 amid a large trading activity that saw three price gainers and four price losers.

The market capitalisation of the OTC exchange jumped by N19.85 billion during the trading day to N1.720 trillion from N1.700 trillion and the NASD Unlisted Security Index (NSI) rose by 14.49 points to wrap the session at 1,256.02 points compared with 1,24.53 points recorded at the previous session.

It was observed that the volume of transactions recorded yesterday surged by 26,909.7 per cent to 70.6 million units from the 261,345 units recorded a day earlier, while the value of trades decreased by 42.0 per cent to N327.0 million from N564.2 million, with the number of deals growing by 20 per cent to 54 deals from 45 deals.

Mixta Real Estate Plc gained 17 Kobo on Friday to sell for N1.80 per unit versus N1.63 per unit, Newrest Asl Plc appreciated by N2.36 to trade at N25.93 per share versus N23.57 per share, and Aradel Holdings Plc rose by N109.40 per cent to N3,285.44 per unit from N3,176.04.

On the flip side, UBN Property Plc lost 17 Kobo to end the session at N1.72 per unit compared with Thursday’s closing price of N1.89 per share, FrieslandCampina Wamco Nigeria Plc waned by N2.55 to N50,00 per unit from N52.55 per unit, Afriland Properties Plc went down by 66 Kobo to N14.00 per share from N14.66 per share, and Central Securities Clearing System (CSCS) Plc plunged by 5 Kobo to N19.45 per unit from N19.50 per unit.

Aradel Holdings Plc finished the day as the most active stock by value (year-to-date) with 5.0 million units valued at N10.9 billion, trailed by CSCS Plc with 99.3 million units sold for N2.4 billion, and Capital Hotels Plc with 228.6 million units valued at N1.1 billion.

Capital Hotels Plc ended the trading session as the most active stock by volume (year-to-date) with 228.6 million units worth N1.1 billion, followed by Mixta Real Estate Plc with 139.9 million units sold for N240.1 million, and CSCS Plc with 99.3 million units valued at N2.4 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.

Leave a Reply

print Naira massively
Previous Story

Pressure Eases on Naira, Gains 2.4% at Official Market

Nyesom Wike
Next Story

SERAP Drags Wike, Governors to Court Over FAAC Allocations

Latest from Economy

Don't Miss