By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.05 per cent depreciation on Thursday, September 12 with the value of the trading platform depleting by N1.45 billion to close at N3.043 trillion compared with the preceding day’s N3.045 trillion.
Also, the NASD Unlisted Security Index (NSI) went down at the close of transactions by 1.06 points to wrap the session at 2,221.31 points compared with 2,222.37 points recorded at the previous session.
The volume of securities traded on the trading day significantly went up by 51.5 per cent to 1.06 million units from the 700,600 units recorded a day earlier.
However, the value of shares bought and sold by the market participants decreased by 65.5 per cent to N99.7 million from the N289.8 million transacted in the midweek session.
These trades were executed in 46 deals, the same as the number of deals carried out in the previous trading day.
Central Securities Clearing Systems (CSCS) was the only price loser, shedding 33 Kobo to trade at N21.67 per unit, in contrast to the N22.00 it ended on Wednesday.
But Acorn Petroleum Plc improved its value by 3 Kobo to sell at N1.02 per share versus the previous day;’s price of 99 Kobo per share, and Afriland Properties Plc appreciated by 10 Kobo to end at N14.70 per unit versus the preceding day’s N14.60 per unit.
Aradel Holdings Plc, with the sale of 10.9 million units worth N41.1 billion, remained as the most active equity by value on a year-to-date basis, with Afriland Properties Plc occupying the second spot for selling 293.1 million units valued at N5.2 billion, and CSCS Plc retained the third spot with 106.7 million units valued at N2.6 billion.
Afriland Properties Plc was the most traded stock by value on a year-to-date basis with 293.0 million units sold for N5.2 billion, closely followed by Capital Hotels Plc with a turnover of 259.6 million units valued at N1.3 billion, and Industrial and General Insurance (IGI) Plc with 218.9 million units valued at N46.1 million.
Dipo Olowookere