By Adedapo Adesanya
Profit-taking sliced off 5.98 per cent from the NASD Over-the-Counter (OTC) Securities Exchange on Thursday, September 5, returning the bourse below the N3 trillion mark a day after it attained the threshold.
The value of the unlisted securities market went down by N188.95 billion during the session to close at N2.972 trillion, in contrast to the N3.161 trillion it ended in the previous session.
In the same vein, the NASD Unlisted Security Index (NSI) recorded a deduction of 137.89 points to end the day at 2,169.21 points as against 2,307.10 points it recorded at the previous session.
Aradel Holdings Plc led the losers group yesterday after it went down by N867.30 to quote at N9,000.00 per share compared with the previous day’s N9,867.30 per share.
Central Securities Clearing System (CSCS) Plc depreciated by 28 Kobo during the session to finish at N22.00 per unit compared to the previous session’s N22.28 per unit, and Afriland Properties Plc declined by 1 Kobo to settle at N14.60 per share versus Wednesday’s closing price of N14.61 per share.
However, Geo-Fluids Plc gained 21 Kobo yesterday to quote at N2.41 per unit, in contrast to the preceding day’s N2.20 per share.
In terms of the volume of securities traded at the bourse, there was a 47.7 per cent decline as investors exchanged 339,799 units compared with the 764,887 units transacted by market participants at the last session.
In the same vein, the value of transactions yesterday went down by 64.1 per cent to N531.9 million from the N1.5 billion recorded at midweek, and the number of deals decreased by 38.8 per cent to 79 deals from 129 deals.
Aradel Holdings Plc ended the trading session as the most active stock by value (year-to-date) with 10.8 million units valued at N40.2 billion, trailed by Afriland Properties Plc with 293.1 million units sold for N5.2 billion, and CSCS Plc with 106.7 million units worth N2.6 billion.
Afriland Properties Plc closed the day as the most active stock by volume (year-to-date) with 293.0 million units worth N5.2 billion, trailed by Capital Hotels Plc with 259.6 million units valued at N1.3 billion, and Industrial and General Insurance (IGI) Plc with 218.9 million units sold for N46.1 million.
