By Adedapo Adesanya
Correction at the NASD Over-the-Counter (OTC) Securities Exchange continued as it recorded a 1.36 per cent loss on Thursday, February 29.
The bourse lost N21.34 million of its value during the trading session to close at N1.542 trillion compared with the preceding day’s N1.564 trillion and the NASD Unlisted Security Index (NSI) went down by 15.74 points to end the day at 1,138.05 points versus Wednesday’s 1,153.79 points.
Yesterday’s decline was influenced by Aradel Holdings Plc, which further suffered further profit-taking, causing its price to drop N98.25 to close at N2,401.75 per share versus the preceding session’s N2,500.00 per share.
During the trading day, there was a rise in the volume of securities traded by 73.1 per cent to 393,731 units from the 227,512 units transacted by market participants in the preceding session.
In the same vein, there was a 457.9 per cent increase in the value of shares traded yesterday by traders to N349.0 million from the N62.6 million quoted in the midweek session.
These transactions were carried out in 25 deals compared with 24 deals executed a day earlier, indicating a 4.2 per cent decrease.
At the close of business, Aradel Holdings Plc ended the trading session as the most traded stock by value on a year-to-date basis with a turnover of 1.9 million units valued at N4.1 billion, trailed by FrieslandCampina Wamco Nigeria Plc with 4.1 million units sold for N306.9 million, and Mixta Real Estate Plc with 69.9 million units sold for N114.5 million.
The most traded stock by volume on a year-to-date basis was Mixta Real Estate Plc with the sale of 69.9 million units for N114.5 million, followed by IPWA Plc with a turnover of 48.9 million units worth N24.4 million, and Geo-Fluids Plc with the sale of 45.8 million units valued at N113.1 million.
