Fri. Nov 22nd, 2024
unlisted securities bourse

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange recorded a flat outcome on Tuesday, July 2, the first of such occurrences in months.

This left the performance indices unchanged, as the market capitalisation retained the previous day’s value of N2.108 trillion and the NASD Unlisted Security Index (NSI) was intact at 1,538.49 points at the close of business yesterday.

The non-movement in the indices happened after the stocks on the platform maintained their previous day’s prices.

However, the activity level witnessed changes, with the volume of securities traded by investors in Tuesday’s session increased by 68.7 per cent to 119,714 units from the 70,897 units recorded in the preceding session.

On the flip side, there was a 4.1 per cent slide in the value of shares traded yesterday to N45.4 million from the N47.4 million recorded on Monday, while the number of deals increased by 45.5 per cent to 32 deals from 22 deals.

At the close of transactions, Aradel Holdings Plc was the most active stock by value on a year-to-date basis with 6.4 million units valued at N17.0 billion, and the second spot was taken by Central Securities Clearing System (CSCS) Plc with 101.6 million units sold for N2.5 billion, and the third place occupied by Capital Hotels Plc with the sale of 259.6 million worth N1.3 billion.

The most active stock by volume on a year-to-date basis was retained by Capital Hotels Plc with 259.6 million valued at N1.3 billion, as the second position was occupied by Industrial and General Insurance (IGI) Plc with the sale of 218.8 million units for N46.1 million, and the third spot taken by Mixta Real Estate Plc after transacting 139.8 million units valued at N240.1 million.

By 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.

Related Post

Leave a Reply