Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange continued its downward trajectory as it recorded a 0.16 per cent downfall on Tuesday, November 14.
Profit-taking witnessed during the session shortened the value of the alternative bourse by N1.81 billion, closing at N1.134 trillion compared with Monday’s closing value of N1.136 trillion.
In the same vein, the NASD Unlisted Security Index (NSI) went down by 1.34 points yesterday to settle at 836.74 points, in contrast to the preceding day’s 838.08 points.
The loss recorded by the unlisted securities market was influenced by a decline in the share price of FrieslandCampina Wamco Plc by N1.86 to close at N72.14 per unit versus the previous day’s N74.00 per unit.
Yesterday, Aradel Holdings Plc grew by N5.00 to close at N720.00 per share compared with the previous day’s N715.00 per share, and UBN Property Plc rose by 13 Kobo to quote at N1.49 per share, in contrast to Monday’s price of N1.36 per share.
A look at the activity chart showed that the volume of securities traded at the bourse went up by 128.6 per cent to 2.7 million units from 1.2 million units, the value of shares traded rose by 195.2 per cent to N23.7 million from the preceding session’s N8.0 million, and the number of deals increased by 55.6 per cent to 14 deals from the preceding session’s nine deals.
At the close of business, Central Securities Clearing System (CSCS) Plc remained the most traded stock by volume on a year-to-date basis with the sale of 1.2 billion units valued at N22.3 billion, UBN Property Plc was in second place with 1.1 billion units valued at N1.1 billion, and Geo-Fluids Plc stood in third place with 701.9 units amounting to N1.3 billion.
CSCS Plc was also the most traded stock by value on a year-to-date basis with 1.2 billion units worth N22.3 billion, VFD Group followed with a turnover of 26.6 million units worth N5.9 billion, and Aradel Holdings Plc was in third place with 7.7 million units valued at N3.1 billion.
