By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a marginal 0.03 per cent appreciation on Friday, July 12.
This was after Aradel Holdings Plc, which was the sole price gainer, added N12.69 to its share price to settle at N4,745.61 per unit compared with Thursday’s closing value of N4,732.92 per unit.
It weakened the effect of the losses posted by two securities on the trading platform, as Afriland Properties Plc decreased by N1.15 to end at N16.84 per share versus the previous day’s N17.99 per share, and Central Securities Clearing System (CSCS) Plc moderated by 10 Kobo to N20.00 per unit from N20.10 per unit.
At the close of business, the market capitalisation of the bourse rose by N650 million to N2.045 trillion from N2.044 trillion, and the NASD Unlisted Security Index (NSI) increased by 0.5 points to 1,492.39 points from 1,491.89 points.
Business Post reports that the volume of shares traded yesterday went down by 99.9 per cent to 244,795 units from 225.9 million units, the value of securities transacted by investors shrank by 92.8 per cent to N349.3 million from the N4.9 billion recorded in the preceding session, while the number of deals improved by 2.9 per cent as 35 deals were completed compared with the 34 deals carried out in the previous trading day.
Capital Hotels Plc closed the last trading session of the week as the busiest by volume on a year-to-date basis with the sale of 259.6 million units worth N1.3 billion, followed by Afriland Properties Plc with a turnover of 230.3 million units sold for N4.1 billion, and Industrial and General Insurance (IGI) Plc with 218.8 million units valued at N46.1 million.
Aradel Holdings Plc was the most active stock by value on a year-to-date basis with the sale of 6.9 million units valued at N19.5 billion, trailed by Afriland Properties Plc with a turnover of 230.3 million units worth N4.1 billion, and CSCS Plc with 101.8 million units sold for N2.5 billion.
