Unlisted Securities Record 1.04% Appreciation

March 20, 2024
unlisted securities index

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange recorded a further rise of 1.04 per cent on Tuesday, March 19, as investors added N14.92 billion to their portfolio after the market capitalisation of the bourse improved to N1.443 trillion from N1.428 trillion a day earlier.

Two securities were responsible for the growth recorded by the exchange during the session, suppressing the loss posted a stock, raising the NASD Unlisted Security Index (NSI) by 11.01 points to 1,064.99 points from the preceding day’s 1,053.98 points.

Yesterday, Afriland Properties Plc rose by 53 Kobo to end at N6.25 per share compared with Monday’s closing price of N5.72 per share, and Aradel Holdings Plc gained N65.72 to trade at N1,800.00 per unit versus the N1,734.28 per unit it ended a day earlier, while Geo-Fluids Plc depreciated by 2 Kobo to N2.55 per share from N2.57 per share.

There was a rise in the volume of securities traded in Tuesday’s session by 5,001.8 per cent to 2.3 million units from the 45,605 units recorded in the previous trading day, but there was a slump in the value of shares traded on Tuesday by 2.7 per cent to N61.7 million from Monday’s N63.4 million.

These transactions were executed during the trading session in 22 deals compared with the 14 deals carried out in the previous trading day, indicating a 57.1 per cent rise.

IPWA Plc closed the day as the most active stock by volume on a year-to-date basis with the sale of 79.9 million units for N40.0 million, followed by Mixta Real Estate Plc with a turnover of 69.9 million units worth N114.6 million, and Geo-Fluids Plc with the sale of 53.8 million units valued at N133.5 million.

Aradel Holdings Plc ended the day as the most active stock value on a year-to-date basis with 2.2 million units valued at N4.8 billion, followed by FrieslandCampina Wamco Nigeria Plc with 4.7 million units sold for N356.5 million, and Central Securities Clearing System (CSCS) Plc with 8.3 million units worth N173.7 million.

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.

Leave a Reply

redesign Naira Notes
Previous Story

Naira Strengthens to N1,560/$1 at NAFEM, N1,580/$1 at Parallel Market

Abia State
Next Story

Infrastructure, Education and Abia State Example

Latest from Economy

Don't Miss