Unlisted Securities Gain 4.67% as Investors’ Portfolios Rise N88.51bn

May 29, 2024
stock investors' portfolios

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed higher by 4.67 per cent on Tuesday, May 28, making the value of the investors’ portfolios at the market swell by N88.51 billion at the close of transactions.

Business Post reports that the market capitalisation of the alternative stock exchange finished the trading session at N1.983 trillion compared with the previous day’s N1.895 trillion.

Also, the NASD Unlisted Security Index (NSI) increased by 64.62 points when trading activities ended yesterday at 1,448.25 points, in contrast to the previous day’s 1,383.63 points.

The gains recorded during the session were influenced by the rise in the share prices of three securities on the trading platform. with Aradel Holdings Plc growing by N403.53 to sell at N4,438.85 per unit compared with Monday’s value of N4,035.32.

Acorn Petroleum Plc gained 6 Kobo to quote at N1.00 per share versus 94 Kobo per share, and Central Securities Clearing System (CSCS) chalked up 20 Kobo to finish at N20.00 per unit compared with the N19.80 per unit it traded in the preceding session.

However, Afriland Properties Plc depreciated during the trading day by 20 Kobo to close at N16.10 per share compared with the previous day’s closing price of N16.30 per share.

Yesterday, the volume of securities traded by investors surged by 32.4 per cent to 572,544 units from the 432,537 units recorded a day earlier, as the value of stocks transacted increased by 128.1 per cent to N568.9 million from N249.4 million, and the number of deals went up by 30.9 per cent to 55 deals from the 42 deals carried out in the previous day.

At the close of business, Aradel Holdings Plc was the most traded stock by value (year-to-date) with 5.5 million units worth N12.5 billion, trailed by CSCS Plc with 100.8 million units valued at N2.5 billion, and Capital Hotels Plc with 228.6 million units sold for N1.1 billion.

The most traded stock by volume (year-to-date) remained Capital Hotels Plc with 228.6 million units sold for N1.1 billion, followed by Mixta Real Estate Plc with 139.8 million units worth N240.1 million, and CSCS Plc with 100.8 million units valued at N2.5 billion.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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