Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange ended in the red zone on Friday, April 26 as three losers chipped off 1.24 per cent from the market value and index.
The NASD market capitalisation lost N18.67 billion to wrap the final session of the week at N1.489 trillion compared with the N1.508 trillion it closed in the preceding session, and the NASD Unlisted Security Index (NSI) plunged by 13.63 points to wrap the session at 1,087.68 points compared with 1,101.31 points recorded at the previous session.
When trading activities closed for the day, Acorn Petroleum Plc dropped by 11 Kobo to end at N1.04 per unit versus Thursday’s closing price of N1.15 per unit, Central Securities Clearing System (CSCS) Plc lost N1 to finish the session at N20.00 per unit versus N21.00 per unit, and Aradel Holdings Plc recorded a decline of N61.93 to trade at N2,145.69 per share, in contrast to the preceding day’s N2,207.65 per share.
The value of securities traded at the closing session of the week increased by 1,072 per cent to N152.7 million from N13.0 million, the volume of securities bought and sold rose by 23.9 per cent to 197,220 units from 159,857 units, while the number of deals carried out remained unchanged at 17 deals.
Aradel Holdings Plc finished as the most traded stock by value on a year-to-date basis with a turnover of 3.9 million units valued at N7.8 billion, and the second spot was taken by CSCS Plc with the sale of 45.2 million units for N1.3 billion, and Capital Hotels Plc occupied the third position after selling 228.6 million worth N1.1 billion.
Capital Hotels Plc closed the trading day as the most active stock by volume on a year-to-date basis with the sale of 228.6 million units valued at N1.1 billion, followed by IPWA Plc with the sale of 79.9 million units worth N40.0 million, and Mixta Real Estate Plc with 69.9 million units sold for N114.6 million.
