By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange continued its bullish run on Monday, September 2 with a 6.50 per cent appreciation boosted by four securities.
The bullish performance raised the market capitalisation by N169.69 billion at the close of transactions to N2.779 trillion from the N2.609 trillion recorded last Friday as the NASD Unlisted Security Index (NSI) expanded by 123.83 points to wrap the session at 2,028.25 points compared with the 1,904.42 points recorded in the previous session.
The unlisted securities exchange was busy yesterday, resulting in the activity chart closing green, with the trading volume rising by 1,056.7 per cent to 5.3 million units from the 459,879 units traded in the preceding session.
However, the value of transactions recorded during the first trading session of the month went down by 87.3 per cent to N230.8 million from N1.8 billion and the number of deals executed depreciated by 21.2 per cent to 41 deals from the 52 deals carried out in the preceding session.
Aradel Holdings Plc gained N741.35 during the trading day to end at N8,154.86 per share versus last Friday’s closing price of N7,413.51 per share, Geo Fluids Plc appreciated by 20 Kobo to N2.20 per unit from N2.00 per unit, Central Securities Clearing System (CSCS) improved by N1.47 to close at N20.47 per share versus N19.00 per share, and FrieslandCampina Wamco Nigeria Plc rose by 42 Kobo to N48.00 per share from N47.58 per share.
However, Industrial and General Insurance (IGI) Plc lost 2 Kobo to close at 19 Kobo per unit compared with the preceding session’s 21 Kobo per unit, and Afriland Properties Plc recorded a 7 Kobo loss to sell for N14.70 per share, in contrast to last Friday’s N14.77 per share.
At the close of business, Aradel Holdings Plc was the most active stock by value (year-to-date) with 10.6 million units valued at N37.6 billion, trailed by Afriland Properties Plc with 293.0 million units sold for N5.2 billion, and CSCS Plc with 106.3 million units worth N2.5 billion.
Afriland Properties Plc ended the day as the most active stock by volume (year-to-date) with 293.0 million units worth N5.2 billion, followed by Capital Hotels Plc with 259.6 million units valued at N1.3 billion, and GI Plc with 218.9 million units sold for N46.1 million.
