Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed Thursday’s trading session lower by 0.40 per cent after the prices of UBN Property Plc and the Central Securities Clearing System (CSCS) Plc declined at the close of business.
CSCS Plc depreciated by 84 Kobo to end the day at N17.31 per share compared with Wednesday’s closing price of N18.15 per share and UBN Property Plc lost 15 Kobo to close at N1.75 per unit versus the previous session’s N1.90 per unit.
As a result, the market capitalisation of the OTC exchange decreased by N5.04 billion to close at N1.258 trillion compared with the previous day’s value of N1.263 trillion and the NASD Unlisted Security Index (NSI) depreciated by 3.72 points to end the day at 928.16 points as against the 931.88 points it recorded at the previous session.
The unlisted securities witnessed a 2,337.2 per cent rise in the volume of securities traded at the session by investors to 3.5 million units from the 143,980 units traded in the midweek session.
Also, the number of deals carried out by the market participants went up by 37.5 per cent to 11 deals from the eight deals executed in the previous trading day.
However, there was a 79.3 per cent decline in the value of shares bought and sold by investors yesterday to N6.3 million from the N30.6 million achieved a day earlier.
At the close of transactions, Purple Real Estate Plc remained the most traded stock by volume (year-to-date) with 5.5 million units valued at N28.8 million, UBN Property Plc was in second place with 3.5 million units sold for N6.1 million, and CSCS Plc stood in third place with 207,003 units worth N3.8 million.
Similarly, Purple Real Estate Plc maintained its position as the most traded stock by value (year-to-date) with 5.5 million units sold for N28.8 million, Aradel Plc occupied the second spot with 25,031 units worth N28.0 billion, and UBN Property Plc was in third place with 3.5 million units valued at N6.1 million.
