Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.73 per cent depreciation on Wednesday, April 17 on the back of a loss triggered by the duo of Central Securities Clearing Systems (CSCS) Plc and UBN Property Plc.
This occurred despite the 31 Kobo gained by Afriland Properties Plc, which closed the midweek session at N10.10 per unit compared with the previous day’s price of N9.79 per unit.
Yesterday, CSCS Plc lost N2.00 to finish at N20.00 per share versus Tuesday’s closing price of N22.00 per share, and UBN Property Plc depreciated by 13 Kobo to settle at N1.60 per unit, in contrast to the previous day’s N1.73 per unit.
As a result, the portfolios of investors decreased by N10.31 billion at the close of transactions to N1.397 trillion from N1.407 trillion, and the NASD Unlisted Security Index (NSI) went down by 7.52 points to wrap the session at 1,020.60 points compared with 1,028.12 points recorded at the previous session.
On the market day, there was a 79 per cent slump in the volume of securities traded by investors to 325,366 units from the 1.5 million units traded in the preceding session.
Equally, there was a 66.3 per cent shortfall in the value of shares traded yesterday to N4.3 million from the N12.8 million posted previously on Tuesday, and the number of deals slumped by 47.3 per cent to 10 deals from 19 deals.
Capital Hotels Plc was the most transacted stock by volume on a year-to-date basis with 228.6 million valued at N1.1 billion, followed by IPWA Plc with 79.9 million units worth N40.0 million, and Mixta Real Estate Plc with 69.9 million units sold for N114.6 million.
Aradel Holdings Plc closed the trading day as the most traded stock by value on a year-to-date basis with 3.4 million units worth N6.9 billion, trailed by CSCS Plc with 45.1 million units sold for N1.2 billion, and Capital Hotels Plc with 228.6 million valued at N1.1 billion.
