Adedapo Adesanya
By Adedapo Adesanya
Aradel Holdings Plc, FrieslandCampina Wamco Nigeria Plc, and Central Securities Clearing Systems (CSCS) Plc depressed the NASD Over-the-Counter (OTC) Securities Exchange by 0.81 per cent on Wednesday, September 6.
At the midweek session, Aradel depreciated by N6.52 to sell at N490.56 per unit compared with the previous day’s N497.08 per unit, FrieslandCampina Wamco Nigeria Plc shed N1.71 to close the day at N73.29 per share versus Tuesday’s closing price of N75.00 per share, and CSCS Plc lost 90 Kobo to finish at N17.10 per share versus the preceding session’s N18.00 per share.
As a result of the poor outcome of these stocks, the market capitalisation of the bourse went down by N9.11 billion to close at N1.111 trillion compared with Tuesday’s N1.113 trillion, as the NASD Unlisted Securities Index (NSI) decreased by 6.50 points to end the day at 794.61 points compared with the preceding day’s 801.11 points.
On Wednesday, the bourse witnessed a 1,958.9 per cent surge in the volume of securities traded, with 565,162 units compared with Tuesday’s 27,450 units. The value of transactions increased by 8,731.6 per cent to N57.5 million to N650,901.70, and the number of deals rose by 100 per cent to 14 deals from the seven deals carried out a day earlier.
CSCS Plc remained the most traded stock by volume on a year-to-date basis with a turnover of 1.1 billion units worth N22.1 billion, followed by UBN Property Plc with 924.1 million units valued at N917.4 million, and Industrial and General Insurance (IGI) Plc with 646.5 units worth N52.4 million.
Similarly, CSCS Plc closed the trading session as the most traded stock by value on a year-to-date basis with the sale of 1.1 billion units worth N22.1 billion, VFD Group was in second place after trading 26.5 million units worth N5.9 billion, and Aradel Holdings Plc was in third place with the sale of 5.8 million units valued at N1.9 billion.
