Adedapo Adesanya
By Adedapo Adesanya
Continued profit-taking in the duo of Aradel Holdings Plc and Industrial and General (IGI) Plc made the NASD Over-the-Counter (OTC) Securities Exchange close the session in the red territory on Tuesday, March 5 by 1.01 per cent.
Aradel Holdings Plc saw its share price fall further by N74.69 to settle at N2,125.31 per share versus the preceding day’s N2,200.00 per share, and IGI Plc depreciated by 1 Kobo to finish at 20 Kobo per unit versus Monday’s 21 Kobo per unit.
These losses depressed the 60 Kobo growth reported by FrieslandCampina Wamco Nigeria Plc, which closed at N72.00 per share, in contrast to the previous day’s N71.40 per share.
As a result, the NASD Unlisted Security Index (NSI) went down by 11.21 points to 1,094.87 basis points compared with the 1,106.08 basis points it closed a day earlier, as the market capitalisation of the exchange declined by N15.19 billion to N1.484 trillion from the previous session’s N1.499 trillion.
Investors traded a total of 644,240 units of securities, in contrast to the 1.3 million units of securities transacted in the preceding session, indicating a slump of 52.0 per cent.
Inversely, the value of shares exchanged by the market participants went up by 60.9 per cent to N99.4 million from the N61.8 million recorded in the previous session, as the total number of deals jumped by 28.6 per cent to 18 deals from 14 deals.
The most traded stock by volume on a year-to-date basis was Mixta Real Estate Plc with the sale of 69.9 million units for N114.5 million, followed by IPWA Plc with a turnover of 48.9 million units worth N24.4 million, and Geo-Fluids Plc with the sale of 45.9 million units valued at N113.3 million.
The most active stock by value on a year-to-date basis remained Aradel Holdings Plc with a turnover of 2.0 million units valued at N4.3 billion, followed by FrieslandCampina Wamco Nigeria Plc with 4.5 million units sold for N340.7 million, and Mixta Real Estate Plc with 69.9 million units worth N114.5 million.
